Edition:
United Kingdom

Admiral Group PLC (ADML.L)

ADML.L on London Stock Exchange

1,980.50GBp
14 Dec 2018
Change (% chg)

12.00 (+0.61%)
Prev Close
1,968.50
Open
1,955.50
Day's High
1,990.50
Day's Low
1,954.00
Volume
599,624
Avg. Vol
740,249
52-wk High
2,138.00
52-wk Low
1,794.50

Latest Key Developments (Source: Significant Developments)

Admiral Group ex-CEO to invest in Compare.com
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Admiral Group PLC ::REG-ADMIRAL GROUP PLC : STATEMENT RE INVESTMENT IN COMPARE.COM.SAYS ADMIRAL GROUP PLC ('ADMIRAL' OR 'GROUP') ANNOUNCES THAT IT HAS ENTERED INTO AN AGREEMENT WITH FORMER ADMIRAL GROUP CEO HENRY ENGELHARDT AND HIS WIFE DIANE ENGELHARDT WHEREBY DIANE WILL INVEST US$25 MILLION INTO COMPARE.COM.SAYS AS A RESULT OF PROPOSED TRANSACTION DIANE WILL HOLD 17% OF SHARE CAPITAL OF COMPARE, WITH ADMIRAL OWNING 59% AND WHITE MOUNTAINS AND MAPFRE USA REMAINING 24%. HENRY WILL JOIN BOARD OF COMPARE.SAYS INVESTMENT WILL BE MADE AT A 15% DISCOUNT TO VALUATION OF PREVIOUS FUNDING ROUNDS, REFLECTING CHALLENGING CURRENT TRADING CONDITIONS.SAYS ACCORDINGLY, ADMIRAL EXPECTS TO RECORD AN IMPAIRMENT AGAINST CARRYING VALUE OF COMPARE WITH ITS FULL YEAR RESULTS.SAYS CURRENT OUTLOOK IS FOR FULL YEAR ADMIRAL SHARE OF LOSS TO BE IN LINE WITH GUIDANCE AT 2018 HALF YEAR RESULTS OF US$8 MILLION TO US$13 MILLION.SAYS HENRY AND DIANE CURRENTLY HOLD 10.1% OF ADMIRAL'S ISSUED SHARE CAPITAL AND THEREFORE THEY ARE CLASSIFIED AS RELATED PARTIES OF ADMIRAL.SAYS BOARD IS SATISFIED THAT INVESTMENT IS BEING UNDERTAKEN ON AN ARMS' LENGTH BASIS AND ON TERMS THAT ARE FAIR AND REASONABLE TO SHAREHOLDERS.SAYS SEPARATELY, ADMIRAL HAS PROVIDED COMPARE UP TO US$10 MILLION BY WAY OF A CONVERTIBLE LOAN.  Full Article

Admiral HY Profit Before Tax 211 Million Pounds Versus 193 Million Pounds
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Admiral Group PLC ::REG-ADMIRAL GROUP PLC RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018.ADMIRAL GROUP PLC - HY GROWTH WITH TURNOVER UP 14% TO £1.66 BILLION (H1 2017: £1.45 BILLION).ADMIRAL GROUP - HY UK INSURANCE BUSINESS, INCLUDING UK MOTOR, HOUSEHOLD AND TRAVEL, DELIVERED STRONG GROWTH IN TURNOVER TO £1.32 BILLION (H1 2017: £1.14 BILLION).ADMIRAL GROUP PLC - BREXIT BRINGS ADDITIONAL RISKS, PARTICULARLY POSSIBILITY OF A 'NO DEAL' BREXIT, TO THE COMPANY.ADMIRAL GROUP PLC SAYS BREXIT HAS POTENTIAL TO BRING MARKET VOLATILITY, PARTICULARLY IN INTEREST AND EXCHANGE RATES.ADMIRAL GROUP PLC - DECLARED AN INTERIM DIVIDEND OF 60.0 PENCE.ADMIRAL GROUP PLC - THE GROUP DOES NOT CURRENTLY FORESEE A MATERIAL ADVERSE IMPACT ON DAY TO DAY OPERATIONS FROM BREXIT.ADMIRAL GROUP PLC - HY UK INSURANCE PROFIT INCREASED BY 9% TO £247.0 MILLION WITH UK MOTOR PROFITS AGAIN GROWING STRONGLY TO £249.5 MILLION (H1 2017: £224.2 MILLION).ADMIRAL GROUP PLC - FROM THE START OF 2019 ADMIRAL'S EUROPEAN INSURANCE BUSINESSES WILL OPERATE THROUGH NEWLY LICENSED ENTITIES.ADMIRAL - WORK ON ESTABLISHING NEW LICENSED ENTITIES FOR GROUP'S EUROPEAN PRICE COMPARISON OPERATIONS WILL BE CARRIED OUT IN THE SECOND HALF OF 2018.ADMIRAL GROUP PLC - HY GROUP GROSS WRITTEN PREMIUMS OF 1,085.7 MILLION POUNDS VERSUS 928.7 MILLION POUNDS REPORTED A YEAR EARLIER.ADMIRAL GROUP PLC - HY GROUP STATUTORY PROFIT BEFORE TAX 211 MILLION POUNDS VERSUS 193 MILLION POUNDS.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Nov 1

(Adds company news items and futures) Nov 1 Britain's FTSE 100 index is seen opening 23 points lower at 7,106 on Thursday, according to financial bookmakers, with FTSE 100 futures down 0.72 percent ahead of the cash market open. * BT: British broadband company BT reported a 2 percent rise in first-half earnings on Thursday and nudged its guidance for the full year higher, as outgoing chief executive Gavin Patterson said the group's recovery plan