Amlin’s share price crashes on shock profit warning
Amlin's share price dived by more 16 percent after it released a profits warning provoked by the increase in Suncorp's New Zealand II claim and the continued underperformance of ACI.
The Charles Philipps-led carrier disclosed this afternoon (2 August) that these factors had sharply hit first-half earnings and meant that its result would now be £65mn weaker than previous expectations.
At the time of going to press the share price was 16.4 percent off at 334.6p, down from 400.2p at...
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