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Insurer Prudential logs 12% rise in first-quarter profit

Prudential PLC on Wednesday reported a 12% rise in new business profit for the first quarter, as the Asia-focused insurer benefited from strong performance from all its segments. The London and Hong Kong dual-listed company posted new business profit, on a traditional embedded value basis, of $608 million for the three months ended March 31.

TSX Anticipates Surge in Australian Dual Listings

The Toronto Stock Exchange (TSX) is projecting a significant increase in dual listings from Australian companies, building on a record-breaking previous year. According to Robert Peterman, Director of Global Business Development at the TSX, Australia has become a primary market for the exchange, especially for resource exploration and energy development firms seeking larger capital pools.