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    ADM   GB00B02J6398

ADMIRAL GROUP PLC

(ADM)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/15 11:37:44 am
2999 GBX   +0.77%
10/08ADMIRAL : Directorate change
AQ
10/08Admiral Group plc Announces Directorate Change
CI
10/07UK's Competition Watchdog Starts Probe On Admiral Taverns' Purchase Of Hawthorn Leisure's Pubs
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FTSE ends higher on some positive earnings, insurers slip

02/27/2017 | 12:13pm EDT
FILE PHOTO:  A man walks through the lobby of the London Stock Exchange in London

LONDON (Reuters) - Britain's top share index closed slightly higher on Monday, helped by earnings updates and weak sterling, although motor insurers were hit by a regulatory change that could lead to higher payouts.

The broader market was helped by sterling, which fell after talk of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union.

A weaker pound often helps the blue-chip FTSE 100 <.FTSE>, because the index is dominated by globally focused firms. The benchmark index finished 0.1 percent higher and was set to end the month up more than 2 percent, after retreating last month.

Companies such as Unilever, Bunzl and Convatec were among the top gainers.

Business supplies firm Bunzl (>> Bunzl plc) posted better-than-expected results, boosting it to the top of the FTSE, up 3.4 percent. Convatec (>> ConvaTec Group PLC), the medical supplies company, was up 1 percent.

Unilever (>> Unilever plc) was up 1.5 percent. Near Friday's close Chief Financial Officer Graeme Pitkethly said the Kraft Heinz bid had been a "trigger moment" for Unilever to focus more on short-term value creation.

However, motor insurers came under pressure, with shares in Admiral <ADM.L> and Direct Line (>> Direct Line Insurance Group PLC) falling 2.5 percent and 7.2 percent respectively.

They were hit by the government's reduction of a rate which discounts certain large motor claims. The Ministry of Justice cut the discount rate to minus 0.75 percent from 2.5 percent.

"We expect today's change to lead to premium price increases, in addition to those required to pass on ongoing non-bodily injury claims inflation," UBS analysts said in a note.

Direct Line said it expected profit before tax to fall by 215 million to 230 million pounds. Consultancy PwC said the rate change would add 50 to 75 pounds to the average motor insurance policy.

London Stock Exchange (>> London Stock Exchange Group Plc) also fell after its plans to merge with Deutsche Boerse faltered. LSE said it believed the European Commission is unlikely to clear the merger with its German peer. LSE shares finished 3.2 percent lower.

RBS (>> Royal Bank of Scotland Group plc) was down 1.1 percent, maintaining Friday's move down after the bank's results disappointed. Retailer ABF (>> Associated British Foods plc), which owns discount fashion brand Primark, fell 0.9 percent after its results.

"Primark's subdued like-for-like and upcoming margin headwinds are unlikely to prove conducive to continued near-term valuation rebuild," said Jefferies analysts, who have a 'hold' rating on the stock.

(Additional reporting by Atul Prakash; Editing by Larry King)

By Helen Reid


ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ADMIRAL GROUP PLC 0.84% 2999 Delayed Quote.3.27%
ASSOCIATED BRITISH FOODS PLC 0.78% 1818 Delayed Quote.-19.70%
ATUL LTD -2.08% 10503.2 End-of-day quote.63.36%
BUNZL PLC 0.68% 2521 Delayed Quote.3.19%
CHANGE INC. 1.52% 2202 End-of-day quote.-37.53%
CONVATEC GROUP PLC -0.54% 203.2 Delayed Quote.2.01%
DIRECT LINE INSURANCE GROUP PLC 0.18% 282 Delayed Quote.-11.60%
FTSE 100 0.37% 7234.03 Delayed Quote.11.97%
LONDON STOCK EXCHANGE PLC 0.94% 7908 Delayed Quote.-12.21%
MSCI UNITED KINGDOM (STRD) 0.97% 1166.187 Real-time Quote.12.02%
NATWEST GROUP PLC 1.92% 233.9 Delayed Quote.39.52%
NEXT PLC 0.77% 7868 Delayed Quote.11.04%
REACH PLC -1.43% 343.5 Delayed Quote.139.21%
S&P UNITED KINGDOM (PDS) 0.34% 1441.97 Delayed Quote.12.59%
SET -0.16% 1638.34 Real-time Quote.13.04%
THE LEAD CO., INC. 1.44% 704 End-of-day quote.-16.19%
UNILEVER PLC -0.68% 3853.5 Delayed Quote.-12.26%
All news about ADMIRAL GROUP PLC
10/08ADMIRAL : Directorate change
AQ
10/08Admiral Group plc Announces Directorate Change
CI
10/07UK's Competition Watchdog Starts Probe On Admiral Taverns' Purchase Of Hawthorn Leisure..
MT
10/05CGN POWER : U.S. suspends authority to ship nuclear materials to China's CGN
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10/05ADMIRAL : Director/PDMR Shareholding
AQ
09/28UK's Competition Watchdog Opens Probe on Admiral Taverns' Purchase of Hawthorn Leisure'..
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09/22ADMIRAL : recognised as one of the 2021 Best Workplaces in Europe
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09/17ADMIRAL : Director/PDMR Shareholding
AQ
09/15ADMIRAL : Additional Listing
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09/14Swiss Re enters partnership with BlaBlaCar and L'olivier Assurance to launch innovative..
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More news
Analyst Recommendations on ADMIRAL GROUP PLC
More recommendations
Financials
Sales 2021 815 M 1 120 M 1 120 M
Net income 2021 1 028 M 1 414 M 1 414 M
Net Debt 2021 - - -
P/E ratio 2021 8,61x
Yield 2021 9,65%
Capitalization 8 740 M 12 028 M 12 017 M
Capi. / Sales 2021 10,7x
Capi. / Sales 2022 10,9x
Nbr of Employees 11 445
Free-Float 70,2%
Chart ADMIRAL GROUP PLC
Duration : Period :
Admiral Group plc Technical Analysis Chart | ADM | GB00B02J6398 | MarketScreener
Technical analysis trends ADMIRAL GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 16
Last Close Price 3 001,00 GBX
Average target price 2 859,63 GBX
Spread / Average Target -4,71%
EPS Revisions
Managers and Directors
Milena Mondini de Focatiis Chief Executive Officer & Executive Director
Geraint Allan Jones Chief Financial Officer & Executive Director
Annette Elizabeth Court Non-Executive Chairman
Charlotte Bennett Head-Information Technology
Matt Wintle Chief Information Officer
Sector and Competitors
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