London close: Stocks finish weaker amid uninspiring data
21st Dec 2023 16:03
(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.
Read moreBerenberg lowers Admiral to 'hold'
21st Dec 2023 09:01
(Sharecast News) - Analyst at Berenberg downgraded insurance group Admiral from 'buy' to 'hold' on Thursday but raised its target price on the stock from 2,543.0p to 2,961.0p, stating it was now "pausing for breath".
Read moreLondon close: Stocks slip ahead of FOMC minutes, Autumn Statement
21st Nov 2023 15:19
(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.
Read moreCiti double upgrades Admiral to 'buy'
21st Nov 2023 07:16
(Sharecast News) - Citi upgraded Admiral on Tuesday to 'buy' from 'sell' as it said its 'Deep Dive' report had suggested consensus is too conservative on the impacts of recent pricing on topline estimates and the implications of the Ogden discount rate changes in 2024.
Read moreLondon close: Stocks mixed as weaker pound lifts FTSE 100
7th Sep 2023 15:57
(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.
Read moreLondon 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.
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