Admiral’s troubles with Compare.com aren't likely to sink the price comparison site
On Thursday, the FTSE 100 insurer's founder invested US$25mln for a 17% stake in Compare.com at a 15% discount compared to previous funding rounds
Company
Admiral Group Plc
LON:ADM
Admiral Group began in January 1993 with just one brand, zero customers and 57 members of staff. By June 2008, the Group had nine brands, over 1.5 million vehicles insured and 2500 members of staff. Group turnover, comprising total premiums written, gross other income and allocated investment income, rose 14% to £472.5 million (H1 2007: £417.8 million).
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Investments and investor services
FTSE 100 closes lower again as traders flee from risk
The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
Investments and investor services
Bovis Homes and Dixons Carphone to take spotlight on busy Thursday
It promises to be a busy Thursday morning with several closely followed firms reporting, meanwhile, around 9 points will come off the index with blue-chip miners such as BHP Billiton, Antofagasta, and Glencore going ex-dividend.
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Housebuilders to be in focus as Autumn kicks off with a welter of sector updates
Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
Admiral sees strong UK demand drive 9% rise in first-half profits, but cautions over ‘hard’ Brexit risks
The FTSE 100-listed firm saw its group statutory pre-tax profit rise to £211mln for the six months to June 30, up from £195mln a year earlier, as group turnover increased by 14% to £1.66bn
Investments and investor services
FTSE 100 closes deep in red as Turkey/US worries escalate
Footsie closed down 1.49%, or around 114 points, at 7,497 on the day
Investments and investor services
It pays to insure! Peter Wood to make another mint as esure agrees £1.2bn takeover with Bain Capital
The insurance magnate is set to reach billionaire status after esure, in which he has a 30% stake, agreed to be taken over by Bain Capital in a deal worth £1.2bn
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UK inflation numbers to provide further back-up to Bank of England interest rate hike
Aside from the July CPI data, corporate updates from motor insurer Admiral, generics drugmaker Hikma Pharmaceuticals, and contractor Balfour Beatty are also due on Tuesday
Investments and investor services
RBC Capital doesn’t expect esure’s £1.2bn takeover to spark wave of deal-making among UK insurers
Admiral and Direct Line have been in demand today as investors speculate they could be the next insurers to be targeted after Bain Capital approached esure with a £1.2bn proposal
Investments and investor services
Insurers motor higher as esure “minded to recommend” £1.2bn cash offer from Bain Capital
The 280p-a-share offer is yet to be formally made, but esure has said it is in “advanced negotiations” with Bain and would be “minded to recommend" the bid, assuming it is made on those terms
FTSE 100 closes in red as traders fret about Turkey crisis
The UK benchmark of leading shares closed down over 24 points at 7,642.
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Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Investments and investor services
FTSE 100 closes higher, given a leg-up by weaker pound
The blue-chip index closed around 38 points higher at 7,700
Investments and investor services
Will BT Group be able to avoid cutting its dividend?
Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
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Rate hike unlikely from May Bank of England policy meeting after recent dull UK data
Aside from the latest Bank of England interest rate decision, the week ahead includes updates from Wm Morrison Supermarkets, Next, BT Group, ITV, and William Hill ...
RAC has to apologise to customers after failing to implement FCA transparency rules
The rules, introduced in April 2017, require firms to clearly show the insurance premium a customer paid last year alongside their proposed renewal premium
Admiral posts 45% jump in 2017 profits on record turnover as customer numbers rise
Admiral Group said it delivered another strong performance in its core UK car insurance business
Investments and investor services
FTSE 100 closes firmly lower on chilly Wednesday with ITV the big switch-off
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
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Advertising key to ITV's latest results broadcast; Taylor Wimpey continues housebuilder updates
Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
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Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP