Advertisement
UK markets closed
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.84
    -0.52 (-0.62%)
     
  • GOLD FUTURES

    2,328.90
    -13.20 (-0.56%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,629.30
    -1,639.95 (-3.08%)
     
  • CMC Crypto 200

    1,385.35
    -38.75 (-2.72%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Admiral: low quality beat - Bernstein

** British motor and home insurer Admiral down 6.5 pct, bottom of STOXX 600

** H1 profit up 1 pct, dragged down by injury claims costs

** Bernstein says H1 results are a beat for the broker but a low quality one, as higher than expected reserve releases more than offset a weaker underlying loss rate

** "We expect the stock to give back some of its strong YTD performance due to weaker underlying performance" adds Bernstein