RE: Today's rns14 Jul 2022 13:13
Abysmal RNS that nobody saw coming.
Its down so much because they have misjudged and 12% cost inflation is eating away at profitability and also because the dividend has also just been chopped and significantly reduced.
It's sent shockwaves through the full industry today. Direct Line, Admiral for instance are also down and probably a wake up call ahead of other results.