Prudential’s share price slide has been “frustrating and disappointing”, the insurance group’s chair has told participants in its first annual meeting to be held in Hong Kong instead of London.
“There are headwinds that continue to impact us,” Baroness Shriti Vadera told the sparsely attended in-person meeting on Thursday, referring to inflationary and interest rate pressures as well as weak consumer confidence.
“Market sentiment [on] companies involved in Greater China in particular has been volatile,” Vadera told the meeting, which was held in the Chinese territory for the first time in Prudential’s 176-year history but was also open to online participants.
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