Gable expects another successful year

Shares in European insurance firm Gable Holdings shot up 7% after it said it expects to report on another successful year of trading. Gable said European expansion of the business has continued at pace and the group has recently been approved to trade in Switzerland, Sweden, Denmark and Belgium.It added that its product range in France has performed exceptionally well, and continues to exceed expectations.The UK has shown a robust performance, despite the challenging market conditions experienced in the first half, producing a strong second half, said Gable.On an upbeat note, chief executive William Dewsall said "The board is delighted with Gable's performance for the year ended 31 December, during which the group has successfully expanded its European spread of business. The outlook for continued development and growth from our business looks excellent for 2010."