Admiral Share News (ADM)

TOP NEWS: Admiral profit falls in 2022 amid higher claims costs

(Alliance News) - Admiral Group PLC on Wednesday reported a much lower profit for 2022 than for 2021, citing higher claims costs due to high inflation, amid high energy costs due to Russia's war in Ukraine.

LONDON MARKET OPEN: Stocks slide as higher US interest rates priced in

(Alliance News) - Stock prices in London opened in the red on Wednesday morning, after comments by US Federal Reserve Chair Jerome Powell put a larger 50-basis-point interest hike at the US central bank's next meeting in March firmly on the radar.

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

Admiral cuts dividend as FY profits miss expectations

(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.

Citi downgrades Admiral to 'neutral', reiterates 'sell' on Direct Line

(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.

LONDON BROKER RATINGS: Citigroup cuts Admiral; Jefferies likes PPHE

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Monday:

UK earnings, trading statements calendar - next 7 days

UK Q4 average motor insurance costs rise 8% - ABI

(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.

Admiral appoints Mike Rogers as new chair

(Sharecast News) - Admiral said on Tuesday that it has appointed former LV= chief executive Mike Rogers as a non-executive director and chair.

TOP NEWS: Experian chair and ex-LV= CEO Rogers to be chair of Admiral

(Alliance News) - Insurer Admiral Group PLC on Tuesday said it has appointed the chair of Experian PLC, Mike Rogers, as its own new board chair, subject to shareholder approval at the Admiral annual general meeting on April 27.

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

European shares rise on bets of easing rate hikes; Direct Line plunges

LVMH up after management reshuffle

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FTSE 100 surges to over 4-year high; insurance stocks tumble

Direct Line and peer Admiral slide

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LONDON MARKET MIDDAY: Europe buoyant amid hope US inflation has peaked

(Alliance News) - The FTSE 100 in London hit another multi-year high on Wednesday, as investors grew increasingly confident on the day before of a key US inflation reading.

British motor insurers slide as Direct Line axes dividend

LONDON, Jan 11 (Reuters) - Shares in Direct Line lost more than a quarter of their value on Wednesday after the British motor and home insurer unexpectedly scrapped its 2022 final dividend, with stocks in rivals Admiral and Aviva also falling sharply.