Admiral falls 5% on growth fears
UK-listed motor insurer Admiral's share price has fallen 5 percent as analysts and investors responded negatively to a brief trading statement that showed slowing revenue growth.
By 9am, shares were down 5.08 percent at 1,084p on the London Stock Exchange, as the insurer said third quarter turnover slowed by 2 percent year-on-year to £570mn, including all premiums written and other revenue.
UK car insurance turnover fell 5 percent to £502mn although UK other revenue per vehicle remained stable at ...
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