The FTSE 100 firm plans to float a minority stake in Michigan-based Jackson National Life. Bosses said the shake-up will allow the Pru to focus on fast-growing markets in Asia and Africa.
Disentangling the latest jobless figures is a nightmare. But as furlough is phased out and firms wake up to the realisation that they can operate with fewer workers, the numbers will zip up.
As of August 9, the total lent to 1.2m firms was £51.8bn. The Bounce Back loan scheme accounted for the biggest chunk, with 1.16m applications worth £35bn approved for small firms.
The pandemic has turned the jobs market upside down. Previously stable industries are on the brink of mass layoffs, while some smaller sectors are now struggling to keep up with a surge in demand.
Last week we launched a jobs crisis survival guide, taking you through your basic redundancy rights and how to navigate a competitive labour market. But the harsh reality is that work could be scarce.
The Warwickshire-based game developer, which specialises in motorsport computer games, said sales of its back catalogue and best-selling F1 2020 game had been strong.
City veteran David Buik remembers what working in London’s financial heart was like from the 1960s when he began work and laments the quiet that has descended in lockdown
The department store is scrapping the roles of sales manager, visual merchandise manager and selling support manager as part of a management restructuring process.
A string of big names including WH Smith, Boots and Marks & Spencer have announced brutal job cuts as the coronavirus crisis has wreaked havoc on the High Street.
Gold groups Polymetal, Petropavlovsk and Centamin, and joint silver and gold miners Fresnillo and Hochschild Mining, have all cashed in on the boom in prices driven by the coronavirus crisis.