Prudential’s British business has been overlooked for two decades as investors have focused on its fast-growing Asian unit Stephen Hird/ReutersInvestors will seek more information about Prudential’s merger of its British business with M&G, its fund manager, when it gives a strategy update on Thursday. The insurer surprised the market with the announcement of the move in August, which gave very little detail. Analysts and investors expect Prudential to say more this week, including exactly how it expects to generate £145 million of cost savings. Although Prudential was founded in Victorian England, its British business has been overlooked for about 20 years as investors have been more interested in its fast-growing Asian unit. However, their attention has been attracted by the decision of Mike Wells, Prudential’s chief executive, to bring together the UK life insurance part with asset management and also to explore a sale…

Source: The Times November 13, 2017 00:00 UTC