Prudential sales up 25% in five months

Prudential is holding its annual general meeting, giving shareholders an opportunity to have their say about the collapsed attempt to acquire a big Asian insurance company. Ahead of yesterday's meeting, Prudential said sales were up 25 per cent in the first five months of 2010 to nearly £1.4 billion (Dh7.46bn). The trading update has little to say about Prudential's failed attempt to acquire AIA, the Asian unit of bailed-out US insurer AIG. Opposition by some shareholders to the $35.5bn price forced

Prudential to try to negotiate a lower price, but AIG refused.