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Pin to quick picksAdmiral Share News (ADM)

Share Price Information for Admiral (ADM)

London Stock Exchange
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Share Price: 2,733.00
Bid: 2,726.00
Ask: 2,728.00
Change: 35.00 (1.30%)
Spread: 2.00 (0.073%)
Open: 2,685.00
High: 2,733.00
Low: 2,670.00
Prev. Close: 2,698.00
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UPDATE 2-FTSE 100 snaps 3-day winning streak as high yields weigh

Thu, 04th Mar 2021 09:32

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* Bond worries resurface

* Vistry Group rises on upbeat outlook

* FTSE 100 down 0.4%, FTSE 250 off 0.7%
(Updates to close)

By Shivani Kumaresan and Amal S

March 4 (Reuters) - London's FTSE 100 fell on Thursday,
snapping three days of gains as most sectors dropped on concerns
over higher Treasury yields and inflation, while major miners
traded ex-dividend.

After falling as much 1.3%, the blue-chip FTSE 100 index
ended down 0.4%, with mining stocks, including Rio Tinto
, Anglo American, Glencore and BHP
among the biggest weights.

Rio Tinto and BHP were trading ex-dividend.

"Inflation is a dog that hasn't barked despite huge monetary
stimulus over the last 12 years, and the fears we’re seeing in
the market today could well fizzle out before raising government
bond yields much higher," said Laith Khalaf, financial analyst
at AJ Bell.

Resurgent worries about rising U.S. bond yields hit global
shares as investors waited to see if Federal Reserve Chair
Jerome Powell will address concerns about the risk of a rapid
rise in long-term borrowing costs.

Bank of England policymaker Silvana Tenreyro said there was
no good evidence that cutting interest rates below zero would,
past a certain point, weaken Britain's economy rather than boost
it.

The FTSE 100 has recovered around 35% from a
coronavirus-driven crash last year but has stayed below
pre-pandemic levels due to a raft of new lockdown measures.

The domestically focused mid-cap FTSE 250 index fell
0.7% on Thursday.

Meanwhile, British new car registrations fell by an annual
35.5% last month to their lowest February level since 1959 as
lockdown measures kept dealerships closed to the public, an
industry body said.

Melrose Industries was the best performer on the
FTSE 100, after the engineering business owner said it had begun
a sale process for its Nortek air-conditioning division.

Homebuilder Vistry Group rose 3.5%, after an upbeat
forecast and resuming its dividend.

Admiral fell 2.7% after the motor insurer said an
expected a rise in claims when lockdowns ease would increase its
loss ratio this year, with the warning eclipsing a 20% jump in
2020 earnings.
(Reporting by Shivani Kumaresan and Amal S in Bengaluru;
editing by Rashmi Aich and Steve Orlofsky)

More News
18 Jul 2022 08:47

Jefferies downgrades Admiral, Direct Line after Sabre warning

(Sharecast News) - Jefferies downgraded insurers Admiral and Direct Line on Monday after a profit warning from Sabre Insurance last week.

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18 Jul 2022 08:10

LONDON BRIEFING: Direct Line adds to warnings from UK motor insurers

(Alliance News) - Direct Line Insurance on Monday cautioned on "heightened volatility across the UK motor insurance market", adding another warning from London-listed insurers.

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15 Jul 2022 14:42

JPMorgan downgrades Admiral, Direct Line after Sabre profit warning

(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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15 Jul 2022 12:26

LONDON MARKET MIDDAY: Aston Martin jumps on backing from Saudi fund

(Alliance News) - Stocks in London were broadly higher at midday on Friday, amid easing fears over future US interest rate hikes, while the AIM market was weighed down by a lowered earnings guidance from highly rated Fevertree Drinks.

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15 Jul 2022 09:49

LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

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

Read more
15 Jul 2022 09:15

LONDON MARKET OPEN: Burberry falls as China lockdowns hurt sales

(Alliance News) - Stocks in London was mostly higher in early trade, as investor fears of a full percentage point rate hike from the US Federal Reserve later this month were eased by comments from several central bank members, reiterating support for a 75 basis point raise.

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15 Jul 2022 08:26

LONDON BRIEFING: Aston Martin gets Saudi backing for equity raise

(Alliance News) - Luxury carmaker Aston Martin Lagonda on Friday set out plans to raise GBP653 million in equity, with backing from the one of the world's largest sovereign wealth funds, after rejecting an alternative GBP1.3 billion investment offer.

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14 Jul 2022 17:16

UK stocks slide over 1% on U.S. inflation scare, weak earnings

July 14 (Reuters) - British stocks fell on Thursday as investors worried about the prospect of a more aggressive stance by major central banks to curb inflation, with a slew of worrying forecasts from companies and weak commodity prices also hurting sentiment.

Read more
14 Jul 2022 17:14

LONDON MARKET CLOSE: Stocks red on potential full-point hike in US

(Alliance News) - Stocks in London closed in the red on Thursday after markets across Europe slipped after the European Commission slashed its GDP forecast for 2022 and investors saw a difficult start to the US earnings season.

Read more
14 Jul 2022 12:29

LONDON MARKET MIDDAY: Stocks fall on 100 basis point rate US hike fear

(Alliance News) - Stock prices in London were lower at midday on Thursday as investors continued to take positions on the expectation of more aggressive interest rate hikes by the US Federal Reserve in the next several months to tame red-hot inflation.

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13 Jul 2022 10:02

LONDON BROKER RATINGS: Jefferies likes Tyman; UBS cuts Beazley

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

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7 Jul 2022 10:30

LONDON BROKER RATINGS: Berenberg cuts Rio Tinto and BofA lowers Anto

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

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6 Jul 2022 08:47

Redde Northgate hikes dividend after annual profit doubles

(Alliance News) - Redde Northgate PLC on Wednesday posted improved yearly earnings, helped by "structural growth" in outsourcing and new contracts.

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13 Jun 2022 09:33

LONDON BROKER RATINGS: Upgrades for Rolls-Royce and Euromoney

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

Read more
8 Jun 2022 09:21

WH Smith hires Admiral Group Chair Annette Court as new chair

(Alliance News) - WH Smith PLC on Wednesday said it has appointed Annette Court, chair of Cardiff-based insurer Admiral Group PLC, as chair designate and non-executive director.

Read more

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