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The average policy for new motor insurance customers in the UK jumped in the the second quarter of the year as cost of living pressures start to squeeze households, according to a UK industry body.
New data from the Association of British Insurers (ABI) showed the average premium paid for a new policy in the period was £129 ($156) higher compared to a renewed policy.
Average premiums for new policies rose by 3% to £500 and average premiums for renewed policies increased by 0.5% to £371 over the three months, according to the ABI.
The numbers on Monday said that the typical price for private motor insurance has increased to £419, and insurers are finding it increasingly challenging to absorb rising inflationary pressures.
That was up by £5, or 1.3%, on the previous quarter, but still £11 lower than the same quarter in 2021.
In January, so-called price walking — a controversial practice where customers were signed up at a discount and then faced undue price rises over time — was banned in the UK.
While the ABI said it was still too early to fully assess the impact of the ban it added that the figures indicated a rise in the difference between new and renewed premiums.
The average new policy was £105 more expensive than the average renewal in the first quarter.
Good news if you already have a SAGA insurance policy - maybe not such good news if you're SAGA and can't put up your prices to those holders for a couple of years.
Well I'm a holder so I guess I must feel they are "good value" but "cheap"?
I'm not so sure, unless you mean relative to what they used to be.
They're a manufacturing company and only quoted on AIM. They are not an investment company so I'd be very surprised if they do not qualify for IHT exemption under terms of Business Relief.
Unfortunately HL and other brokers and most probably the company itself will not confirm as they don't want to run the risk of any comeback should HMRC decide otherwise when someone actually comes to claim the relief.
Just Google:- Games Workshop resisting rising costs
https://www.oedigital.com/news/497874-shell-to-build-offshore-wind-powered-green-hydrogen-plant-in-port-of-rotterdam
Probably another missed opportunity.
I'm trying not to get too excited. I think this relates to a different case ("creditors with bonds in default" wouldn't appear to apply to Peterson).
Mind you, if the SP carries on like this BUR will become one of my biggest holdings again.
Keep saying it - you'll be right eventually.
Not sure where you heard those "takeover rumours" but I wouldn't pay too much attention. This is still not a cheap share.
OK - I know this is being simplistic but for a 1GW factory, work in progress of 75MW should/could be one months work. Or are they operating a three day week?
I guess we have to hope that the contracts backlog starts morphing into work in progress soon (before the next Trading Update).
https://www.investorschronicle.co.uk/news/2022/06/08/newriver-dares-to-grow-again/
Yes, we all want to move as quickly as possible to the green side but will the general public and even many of these "protesters" be singing the same song if/when their electric/gas gets rationed over the winter?
Changing over can't be done overnight - governments should have/should be moving quicker but we are where we are.