Admiral hit by falling premiums

Car insurer Admiral Group has seen its turnover fall by seven per cent in the first quarter of this year as premiums continue to fall across the market. As a result, the company saw its share price fall 1.38 per cent yesterday as fears about the broader motor insurance industry continue to grip. Chief executive Henry Engelhardt said: “Little has changed since the full year results, and our expectations for 2014 remain positive and unchanged.”