London midday: Stocks slip as core inflation stays high
16th Aug 2023 11:23
(Sharecast News) - UK stocks were trading at five-week lows on Wednesday despite some big gains from blue-chip insurers, with market sentiment hit by fears that the Bank of England may step in to raise interest rates once again.
Read moreLondon open: Stocks flat as rate-hike fears dampen risk appetite
16th Aug 2023 08:03
(Sharecast News) - UK stocks were struggling for direction on Wednesday after data showed that core inflation remains stubbornly high, raising fears that the Bank of England may step in to tighten monetary policy even further.
Read moreAdmiral H1 profits rise, but dividend cut
16th Aug 2023 07:32
(Sharecast News) - Admiral Group reported a small rise in half-yearly earnings as it hiked prices in response to claims inflation, but also slashed its interim dividend by 15%.
Read moreCiti downgrades Admiral to 'sell', shares slide
13th Jun 2023 08:14
(Sharecast News) - Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to 'sell', saying that a 'deep dive' into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
Read moreBroker tips: Admiral, BAE Systems, Hipgnosis
13th Jun 2023 08:07
(Sharecast News) - Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to 'sell', saying that a 'deep dive' into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
Read moreBerenberg lowers target price on Admiral
3rd Apr 2023 10:35
(Sharecast News) - Analysts at Berenberg lowered their target price on insurance firm Admiral Group from 2,688.0p to 2,543.0p on Monday but stated its defensive model equalled a "premium valuation".
Read moreAdmiral cuts dividend as FY profits miss expectations
8th Mar 2023 07:52
(Sharecast News) - Admiral cut its full-year dividend on Wednesday as profits fell in a "challenging" market, with the insurer hit by rising claims and costs.
Read moreCiti downgrades Admiral to 'neutral', reiterates 'sell' on Direct Line
3rd Mar 2023 09:34
(Sharecast News) - Citi downgraded its stance on Admiral on Friday and reiterated its 'sell' rating on Direct Line as it turned more cautious on UK motor insurance.
Read moreUK Q4 average motor insurance costs rise 8% - ABI
3rd Feb 2023 07:12
(Sharecast News) - Britons paid 8% more for motor insurance over the last three months of 2022, the Association of British Insurers (ABI) said on Friday.
Read moreAdmiral appoints Mike Rogers as new chair
31st Jan 2023 15:30
(Sharecast News) - Admiral said on Tuesday that it has appointed former LV= chief executive Mike Rogers as a non-executive director and chair.
Read moreGerman reinsurer Munich Re cuts stake in Admiral
11th Nov 2022 07:15
(Sharecast News) - German reinsurer Munich Re has sold 7.4m shares in Admiral in a placing at 2,023p each.
Read moreAdmiral slumps after secondary sale
27th Sep 2022 08:54
(Sharecast News) - Admiral shares slumped on Tuesday after Bloomberg reported an offering of 1.61m shares in the insurance company.
Read moreAdmiral H1 profits decline amid 'more turbulent cycle', high inflation
10th Aug 2022 07:13
(Sharecast News) - Insurer Admiral posted a drop in first-half profit on Wednesday, pointing to a "more turbulent cycle than usual" and high inflation.
Read moreJefferies downgrades Admiral, Direct Line after Sabre warning
18th Jul 2022 08:47
(Sharecast News) - Jefferies downgraded insurers Admiral and Direct Line on Monday after a profit warning from Sabre Insurance last week.
Read moreJPMorgan downgrades Admiral, Direct Line after Sabre profit warning
15th Jul 2022 14:42
(Sharecast News) - JPMorgan Cazenove downgraded its stance on insurers Direct Line and Admiral on Friday after both suffered heavy losses a day earlier on the back of a profit warning from Sabre Insurance.
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