Admiral posts strong half-year results as pre-tax profit jumps 76 per cent Admiral motors ahead in the first half as lockdowns boost profit Admiral has posted strong half-year results for the period up to the 30 June 2021 as their decision to adjust pricing on pandemic-related claims looks to have paid off. The insurance company saw its pre-tax profit jump by 76 per cent, from £274.4m this time last year to £482.2m for the six months to 30 [...]
Admiral Taverns acquires NewRiver’s community pubs for £222m Admiral Taverns acquires NewRiver's community pubs for £222m Retail and leisure property investor NewRiver is selling its Hawthorn Leisure community pub business to pub company Admiral Taverns for approximately £222.3m. Admiral boss Chris Jowsey said it was an “exciting” time for the pub brand, despite hospitality’s struggles during the Covid-19 pandemic. The portfolio comprises 674 leased, tenanted and operator-managed community pubs across England, [...]
Admiral ups first half guidance after motor claims windfall Admiral ups first half guidance after motor claims windfall Insurer Admiral this morning said that it was on track to make a higher than expected profit in the first half of 2021 after a boost in profit from its motor injury claims division. As a result, the firm said that it would pay out an interim dividend of between 110p and 125p per share. [...]
FTSE 100 jumps on post-lockdown hopes but Wall Street flat April 6, 2021 London’s FTSE 100 climbed by 1.4 per cent today as prospects of a planned re-emergence from lockdown next week boosted shares. The capital’s premier index currently stands at 6,840, its highest levels since 11 January. Across the Atlantic, however, the mood was more subdued, with Wall Street’s main markets flat at the open this afternoon. [...]
Admiral profits dented £33m by insurance regulation change August 14, 2019 Car insurer Admiral has taken a £33.3m hit to its profits following the introduction of changes to how compensation for those injured in accidents is calculated. The figures The government changed the Ogden rate, which governs how much insurers pay to people seriously injured in car accidents, in July. Admiral said the changes had cut [...]
AA: A sustainable recovery of its own? April 12, 2019 After a decent start to 2019, our head of markets kicks the tyres after these uninspiring results. There is certainly a great deal going on under the bonnet at AA (LSE:AA.), although by its own admission there remains much to be done. One measure of progress is the number of contract wins the company has [...]
FTSE 100 risers and fallers: Index dips amid fears over global growth March 8, 2019 The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Admiral Group share price soars as first half profit inches up August 19, 2015 Insurer Admiral climbed to the top of the FTSE 100 today after its shares jumped 4.6 per cent to 1,534p per share in early afternoon trade. The Cardiff-based group reported pre-tax profit rose one per cent to £186.1m in the six months to 30 June 2015, from £184.9m during the same period a year earlier. This smashed analysts' [...]
Admiral Group chief executive Henry Engelhardt to step down May 13, 2015 Insurer admiral has announced that chief executive Henry Engelhardt intends to step down in one year's time, and he'll be replaced by co-founder and chief operating officer David Stevens. Engelhardt, who has been with the company since it was first created in 1991, said "don't bury me yet, Guys!". "I still have 12 months on the job and [...]
Admiral’s meek performance sparks investor share sell off August 13, 2014 INSURER Admiral disappointed investors yesterday after revealing poor underlying growth and a sluggish one per cent profits. Shares in the business, which sponsors the Wales national rugby team, closed down 5.5 per cent, making Admiral the biggest faller on the FTSE 100 yesterday. “We have yet to see firm evidence of an inflection point and [...]