FTSE 100 pops higher again to another record close
It was another quiet day in London but also another record close
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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Deutsche Bank upbeat on European insurance sector, raising price targets for a swathe of UK names
The bank's analysts said insurers "look reasonably positioned – cushioned against market weakness by strong balance sheets and on PEs that are well within the long-term trading range”
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
Goldman Sachs cuts rating for Saga Group to ‘neutral’ from ‘buy’ after recent profit warning
Goldman’s analysts said they believe the fall in Saga’s profit guidance is “primarily the result of structural rather than cyclical factors”, and therefore they expect the firm to “face ongoing challenges”
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HSBC cuts target price on insurers RSA, Admiral and Aviva amid market challenges and reforms
Insurers have been affected by inflation for so-called ‘escape of water’ claims for water damage in homes, while the market remains competitive
Investments and investor services
Esure and Admiral driven lower by JP Morgan downgrades, but better news for RSA
Direct Line is still the investment bank’s top pick, but it thinks RSA’s valuation is now “attractive”. The same can’t be said for Admiral or Esure, though…
FTSE 100 closes near flat as traders look for direction; Dow Jones surges
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
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Admiral Group upgraded as Deutsche Bank recalculates after government's Ogden rate rethink
Admiral and Direct Line are seen as the main beneficiaries of the government's U-turn on the Ogden rate
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Insurers Direct Line and Hastings Group motor higher as government backtracks on changes to insurance discount rate
Back in March, the government cut the Ogden rate to minus 0.75% from 2.5%, which forced insurers to pay out more to victims, hitting their profits as a result
FTSE 100 closes higher despite weak Wall Street
Thursday lunch brought no surprises from the ECB, with the European Central Bank making no changes to interest rates.
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Biffa, Bovis and Go-Ahead results all due, but ECB policy decision to take centre stage
Some big names are due to publish results on Thursday, but the European Centeal Bank’s decision on interest rates is what most traders will be waiting on
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Berenberg downgrades Admiral rating to ‘sell’ from ‘hold’, sees ‘challenges ahead’ for the insurer
The German broker, however, raised the target price for Admiral to 1,723p from 1,635p, albeit with the stock trading well above that new level at 1,916p, down 0.2% today
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Barrage of builders to update in week ahead with Brexit concerns remaining key
Week ahead includes updates from a raft of housebuilders, including Barratt Developments, Berkeley Group and Bovis Homes, plus trading news from Halfords Group, and the latest European Central Bank Council meeting
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Admiral sees shares sink as half-year results raise concerns over UK motor insurance business
Analysts at UBS said: “We see underlying margin deterioration in the core UK motor division as the key negative in the result. In addition, pricing increases appear weaker then peers at headline level”
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Admiral shares lower as car insurer's first half profits hit by Ogden discount rate cut
Admiral's first-half profit was dented by the lower Ogden discount rate which determines the size of personal-injury payouts
FTSE 100 holds steady to close 49 ahead with miners in support
The FTSE 100 closed up 49.18 at 7,433 after UK jobs data beats expectations
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UK wages and jobs data in focus on Wednesday
Average earnings growth and unemployment rates are expected to remain unchanged in the second quarter at 2% and 4.5% respectively
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Standard Life Aberdeen edges higher on first day of trading after £11bn merger completes
The £11bn merger was originally agreed back in March but has had to clear various regulatory hurdles
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UK economic health eyed from inflation, jobless numbers; Kingfisher updates on trading
Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
FTSE 100 closes 51 up with engineer Rolls Royce in the driving seat
With an hour and a quarter of trading to go, the UK benchmark index was ahead 58 points at 7,430, just easing back from the afternoon peak of 7,438.90
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Car insurance premiums set to soar says Credit Suisse as it upgrades Direct Line
Motor premium rates will jump by 9% compound over the next three years as claims continue to rise
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BHP in need of response after activist throws down gauntlet
Day ahead: BHP Billiton, GlaxoSmithKline, Proactis...
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BHP Billiton and banks dominate big week for blue chips
Week ahead: Huge for blue chip announcements with four high street banks, the UK’s two pharma giants, mining titans Anglo and BHP and restaurant to coffee chain Whitbread just a few of those updating.
Investments and investor services
Motor insurers stranded on the hard shoulder as Barclays downgrades
The shares of Hastings Group, esure and Admiral are now 'fully valued', so says Barclays Capital
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JPMorgan upgrades Direct Line on valuation grounds after Ogden rate cut related falls
The US bank upgraded its stance on Direct line to ‘overweight’ from ‘neutral’, albeit with a reduced target price of 395p, down from 410p
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UBS juggles ratings for UK motor insurers after Ogden discount rate reduction
The broker upped Direct Line to ‘buy’ from ‘neutral’ and Royal Sun Alliance to 'neutral' to ‘sell’, and cut Admiral to ‘neutral’ from ‘buy’
Investments and investor services
FTSE 100 hits record high close, again
FTSE 100 stocks closed at a record high on Friday for a second successive session, after making a fresh intraday peak, and a good way for equity investors to end the week
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Admiral Group supported by post-results upgrade from JPMorgan Cazenove
The bank's analysts upgraded their stance on the insurer to ‘overweight’ from ‘neutral’ and raised the target price to 2,100p from 1,900p
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Admiral confirms post-Ogden rate cut drop in 2016 profits, but keeps its dividend steady
The FTSE 100-listed firm said, taking the discount rate change into account, its pre-tax profits dropped by 25% to £284.3mln for the full-year to December 31 2016
Investments and investor services
FTSE 100 ended lower despite sterling weakness and Budget boost to builders
FTSE 100 shares ended down on Wednesday with sterling nursing a seven-week low despite a lift for construction stocks following the UK Finance Minister’s Budget pledge of a mini Trump boost to infrastructure
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G4S to benefit from Trump's military spending plans as it reports full year earnings
US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
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Limited wiggle in the Budget for Hammond
The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
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Can ITV’s financial results beat cautious expectations?
Blue-chips ITV Plc (LON:ITV), Admiral Group Plc (LON:ADM), and Man Group Plc (LON:EMG) are all in the diary with final results on Wednesday.
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A kick in the gear-box for insurers but great news for personal injury victims
Trending: Car insurers dented ; EU to kibosh German takeover of iconic UK organisation; Persimmon blooms; Verona blossoms
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Although motor insurers have dropped on shock personal injury rate cut, consumers seen as main losers with premiums set to rise
Neil Wilson, senior market analyst at ETX Capital said: “Premiums are definitely set to rise to cover this but insurers’ profits are set to be knocked pretty badly too.”
Tlou Energy surges as UK power group joins Botswana venture
Some of the largest rises and falls in London at 3pm: Tlou Energy, Regency Mines, Starcom
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Insurers Admiral and Direct Line drop after revealing one-off charges as rate used to calculate personal injury damages is cut
After a review, the Lord Chancellor announced today that the figure used, commonly referred to as the Ogden discount rate, will be cut to -0.75% from +2.5% currently
Investments and investor services
FTSE 100 rises as rally in Unilever and Bunzl offset slump in motor insurers
At 3.33pm, the index of blue-chip shares was up just over 14 points at 7,257
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Week ahead: ITV set to broadcast results as quantity set to rule over quality
Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
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FTSE stocks powered higher by financials, non-farm payrolls
FTSE 100 stocks closed higher on Friday, offered a leg up by surprisingly strong US non-farm payrolls number and financial stocks confident burdensome US regulation was about to get scaled back
FTSE 100 shares close lower, tracking Dow and Donald
FTSE 100 shares closed lower on Tuesday in sympathy with declines of up to 160 points on Wall Street’s DJIA as the fallout of US President Donald Trump’s first week in office continued to take its toll
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
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Brokers: Heavyweights keen on Morrisons
Exane BNP Paribas and Bernstein both upped their recommendations for the supermarket chain
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UK stocks end higher as tech sector lights up with merger deal, oil prices rise
London shares closed higher on Thursday led by Britain’s biggest tech deal of the year and an advance by oil prices
Next and Associated British Foods in vogue with Goldman
Broker upgrades Next and Primark owner ABF to 'neutral' from 'sell'
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Brokers: Deutsche lights up British American Tobacco
Deutsche Bank said British American Tobacco remained one of its top picks.
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London shares fall after Admiral hit by Brexit
London shares ended lower on Wednesday after insurer Admiral felt the negative impact of Brexit vote
Risers & Fallers: Imaginatik, Ovoca, Paragon Entertainment, Shanta, Symphony International, W Resources
It was a good day for gold plays Ovoca Gold and Shanta Gold
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Customer boost drives Admiral to record first half
As a result of the strong performance, the insurer has hiked its dividend by 23%
Investments and investor services
Admiral weighs on FTSE 100, caution remains ahead of Fed
Admiral weighed on the FTSE 100 after falling short of market's high expectations, meanwhile Reckitt Benkiser spin out Indivior surges.
Preview: Full steam ahead for Admiral Group PLC
Cars are in focus on Wednesday: Lookers sells 'em and Admiral insures 'em
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Brokers: Just Eat a tasty investment according to Jefferies
The online food order and delivery service received a boost from the bank, while elsewhere insurance firms were in the spotlight
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
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London stocks mark 5th successive session of gains as financials rise
London’s blue-chip ticker ended Wednesday higher for a fifth successive session after financial stocks put weaker energy stocks in their place
London mid-caps climb above Brexit levels for the first time in a month
It took a month, but London’s midcaps have climbed above their Brexit levels for the first time as shares closed higher on Wednesday while top AIM stocks hit their highest levels of the year
FTSE 100 Index pares gains as pound rises on UK job news
The FTSE 100 Index lost hold of earlier gains of around 30 points to stand 10.16 points ahead at 6707.53
Investments and investor services
FTSE 100 Index rises despite mining woe
The FTSE 100 Index was 30.59 points to the good at 6727.96 while the FTSE 250 also rose
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Standard Chartered PLC too expensive, suggests Deutsche
An early look at some broker views at the start of the week
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Compass Group pointing in the right direction - Jefferies
A look at some broker tips on Thursday, including Compass and Admiral
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Lonmin PLC not out of the woods yet, brokers agree
Also covered: car insurers, Standard Life, Taylor Woodrow and a possible change of financial advisor for Caledonia Mining's chairman
Aim stocks slide but evade the Footsie carnage
While the FTSE 100 finished at 6,186, down 56 points, shares on London's junior market fared somewhat better.
Small caps outpace FTSE100 at lunch; Rose Petroleum big riser
Contrary to what the spreadbetters foresaw, Footsie was well down at lunch but small caps were rising higher.
GlaxoSmithKline PLC boss to quit in 2017 amid shake-up talk
Drug giant says Andrew Witty will go in March 2017
GW Pharmaceuticals Plc lights up AIM 100 on epilepsy success
Standing at 3,364 the FTSE AIM 100 closed sharply higher, up 86 points or 2.65%.
Investments and investor services
Admiral Group Plc boosted by big Nomura upgrade
Admiral Group Plc, RSA Insurance Group Plc, Barclays Plc, Meggit Plc, Genel Energy Plc and Fastjet Plc were all in Tuesday’s broker spotlight.
Investments and investor services
Anglo American plc expected to struggle with asset sales
Anglo American, Randgold Resources, Amerisur Resources, Barclays, HSBC, and Hunting were all in the broker spotlight on Monday.
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FTSE 100 slides despite strong updates from Admiral and CRH
With half an eye on tomorrow's jobs release in the US investors took money off the table
Investments and investor services
Rising copper prices help London market to show its mettle
Miners rose as the price of the red metal hit a three-and-a-half-month high
Thursday's followed - Brexit, Admiral and Genel Energy
Swirling talk on Brexit pros and cons continued on Thursday...
Thursday's agenda: Genel to update on Kurdistan operations after reserve cut
The Kurdistan-focused producer has already predicted a US$1bn impairment charge on its Taq Taq field
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More left in the tank at Admiral, reckons Numis
Car insurer Admiral has plenty of 'vroom' left in the tank, reckons broker Numis
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UK car insurers boosted as premiums on the up again
Shares in Britain's best known car insurers were boosted today as it emerged premiums have risen 8.1% in the third quarter this year ...
FTSE100 well ahead with Sainsbury's and insurers in focus
Sainsbury's fuelled rise by forecasting annual profits above expectations
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Top flight shares flounder amid more China gloom
China's economy is slowing down and Beijing may miss targets, said economists
Market takes fright as Chinese manufacturing drops again
Disappointing manufacturing data from UK and France failed to lift sentiment
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US shares slump again on China fears
China's economy is slowing down and Beijing may miss targets, said economists
Investments and investor services
FTSE 100 drops in afternoon trading; ends lower almost 2% lower
The FTSE 100, which had been outperforming its European counterparts for much of the day, dropped further in the afternoon to end 1.8% lower at 6,408.
Risers & Fallers: KAZ Minerals, Air Partner, SolGold, Legendary Investments, Ophir and more...
Below are some of the main news-driven share price movements at 4pm
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Good Italian job helps Admiral to boost H1 profits
Insurer's UK business expanded modestly helped by price increases
Footsie ends lower led by Glencore
The FTSE 100, which had been outperforming its European counterparts for much of the day, dropped further in the afternoon to end 1.8% lower at 6,408.
Wednesday's agenda: Glencore and Hikma reporting...
Investors will get a glimpse at the mining and pharmaceutical sectors on Wednesday.
Investments and investor services
Week Ahead: Cairn Energy second half could be transformational
Deutsche Bank said the timing and drilling locations for three wells in Senegal could be unveiled. While they are in deep waters off the coast of west Africa, they aren’t technically challenging.
Investments and investor services
Risers & fallers: Admiral, Balfour Beatty, esure, Fidelity China SS, Randgold, Vedanta Resources,
Interims from esure were, to coin a phrase, a car crash. Vedanta rises on news that the recommencement of mining in Goa is a goer.
Market recovers as oil prices bounce back
Insurer Admiral climbed on market talk of a potential takeover bid
Oil majors drag London market down as crude prices fall
Precious metal miners lost their twinkle as commodity prices fell
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FTSE100 closes lower with Chinese data hitting miners
FTSE100 closed lower as traders fleed equities, and notably miners....
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UK car insurers gain as motorists stump up more for premiums
Shares in the UK’s biggest car insurers were boosted today....
Investments and investor services
Risers & Fallers: blur Group, Arbuthnot, Admiral Group, Cable & Wireless, Atlas and more
blur Group attracted 30% more large business customers to its e-commerce platforms while Cable & Wireless reported flat first quarter mobile revenue.
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London market falls on Greek uncertainty and manufacturing decline
Rising industrial production masks falling manufacturing output
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Broker Spotlight – Admiral, Shell, Rambler Metals...
Citi downgrades Admiral to 'sell', but remains a buyer of rivals eSure and Direct Line
Investments and investor services
Risers and Fallers: Daniel Stewart, Imaginatik, Eden Research, Trap Oil, Independent Res, Sefton
If anyone should be able to get a share issue away at a premium, it should be a stockbroker, such as Daniel Stewart
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Admiral Insurance, Chris Evans and a fork in the road for the stock
I’ve had a couple of questions regarding Admiral's price movements this year as a few folk suspect they are seeing a head and shoulders formation making itself known this year. But I wouldn't bet against the uptrend since 2011 across the bo