Prudential

Prudential chief executive Tidjane Thiam is pressing ahead with the faltering AIA deal, vowing to persuade shareholders to back the $35.5bn (£23.7bn) takeover of AIG's Asian business.

Neptune MD Robin Geffen has stepped up his campaign to oust Prudential's CEO Tidjane Thiam as the insurer is poised to gain FSA approval for its takeover of AIG's Asian arm AIA.

Robin Geffen, MD of Neptune, is trying to rally support for a vote of no-confidence in Prudential chief executive Tidjane Thiam over his botched attempt to acquire Asian insurer AIA.

Prudential is eying the use of Lloyds-style contingent capital notes, known as CoCos, to help bolster its cash reserves and revive its £24bn takeover of Asian insurer AIA.

Prudential has delayed the issue of details of its $21 bn cash call, because it has failed to reach agreement with the FSA on its capital position.

Prudential's 160-year-old association with the UK could end later this year as the insurer is believed to be working on radical plans to offload its British and American businesses.

Prudential's largest shareholder, the Capital Group, is eying a potential break-up of the insurer as a radical alternative to its $35.5bn AIA acquisition.

Prudential is planning a secondary listing on the Singapore Stock Exchange in addition to its dual primary listing in Hong Kong.

One of the UK's best known hedge fund groups has taken a £47m bet against Prudential in the lead-up to its proposed $35.5bn acquisition of AIA.

The Centre for Economics and Business Research has increased its forecast of economic growth in Britain, predicting GDP would be about £20bn higher by 2020 if the Conservatives gain power.