$PRU

City AM reports that UK financial services firms are tightening transgender-related single-sex bathroom rules after an Equality and Human Rights Commission code of practice on a Supreme Court ruling on sex. Admiral, Coventry Building Society, and Santander updated HR policies to restrict single-sex facilities to biological sex and/or add gender-neutral options. NatWest, Standard Chartered, and Prudential were cited by Sex Matters; some did not comment.

Cetera said it hired the Tucker Bria Wealth Strategies team in North Carolina via its Summit Financial Networks channel, bringing about $420M in assets under administration. Cetera reported $630B AUA and $296B AUM as of March 31. Separately, Ameriprise added Mitchell Edenbaum with $145M assets, while Prudential Advisors’ NJ Wealth Partners hired Christopher Grella from Ameriprise.

Prudential Financial (NYSE: PRU) declared a quarterly dividend of $1.40 per common share. The dividend is payable September 10, 2026, to shareholders of record as of August 25, 2026. The company also reported about $1.6 trillion in assets under management as of June 30, 2026.

Tuesday’s FTSE 100 fell 0.2% to 10,844.19 as insurers declined, while oil prices rose on Middle East uncertainty. Brent October traded at $88.22 versus $86.35. BP and Shell gained. UBS cut Legal & General and M&G to “sell” and preferred Standard Life and Aviva. US inflation data and Fed rate expectations were in focus.

The FTSE 100 was up about 7 points near 10,870, supported by a pullback in Brent crude after comments from Pakistan’s Defence Minister suggesting US and Iran are close to an arrangement. Retail sales rose 1.3% in July. Spirax Group fell after H1 results, while BP and Shell rose with oil prices.

The FTSE 100 was down 23 points to 10,839.18, with investors citing Middle East uncertainty and a rise in oil prices. According to the UK ONS, retail sales grew 1.3% year on year in July, with food up 3.8% and non-food down 0.7%. BP and Shell gained on higher Brent, while Spirax, M&G and Legal & General fell.

Jefferies raised its price target on Prudential Financial to $116 from $110 and kept a Hold rating, according to the firm. The note was published Aug. 10, 2026. The change may affect investor expectations for the insurer’s valuation.

Prudential Financial plans to revamp its Japan and broader international operations by exiting parts of its footprint and reallocating resources to investment management, group benefits, and retirement. The company says it has taken steps such as reinsuring part of its traditional variable annuity and guaranteed universal life portfolios to reduce risk and improve capital efficiency.

Prudential Financial said it will exit emerging markets and redeploy more than $3B toward retirement, asset management and U.S. insurance. The plan targets about $750M in annual pretax run-rate benefits by end-2028, up from a prior $150M by 2027. Q2 retail annuity sales rose 14% to $3.6B. Prudential expects POJ sales to resume Nov. 5.

Beijing began charging income tax on offshore insurance policies sold in Hong Kong, with early cases in Beijing and Hangzhou reportedly applying a 20% tax on policy earnings. FTSE 100 insurers and banks Prudential, HSBC, and Standard Chartered fell sharply after the reports. Prudential lost about £3.6bn in value, HSBC about £18.9bn, and Standard Chartered about £3.2bn.