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Pin to quick picksAdmiral Share News (ADM)

Share Price Information for Admiral (ADM)

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Share Price: 2,729.00
Bid: 2,730.00
Ask: 2,732.00
Change: -4.00 (-0.15%)
Spread: 2.00 (0.073%)
Open: 2,724.00
High: 2,753.00
Low: 2,724.00
Prev. Close: 2,733.00
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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)

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LONDON BROKER RATINGS: JPMorgan raises Admiral Group to 'neutral'

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(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

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(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

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

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

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10 Jan 2024 17:23

UK's FTSE 100 slips as Sainsbury's, insurers weigh

Sainsbury's retains profit forecast; shares drop

*

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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

*

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10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

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10 Jan 2024 15:23

London close: Stocks slip as investors brace for US inflation

(Sharecast News) - London stocks closed with losses on Wednesday, influenced by a pessimistic growth outlook from the World Bank and investors' attention to upcoming US inflation data.

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