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2 September 2010 
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CATEGORY: COMPANY NEWS PREVIEW     SECTOR: NONLIFE INSURANCE

Friday preview: Admiral Group

Thu 09 Oct 2008

ADM - Admiral Group
chart
Latest Prices
Name Price %
Admiral Group 1,549.00p -0.83%
 
FTSE 100 5,371 +0.09%
FTSE 350 2,835 +0.18%
FTSE All-Share 2,773 +0.20%
Insurance (non-life) 1,470 +0.34%
LONDON (SHARECAST) - Car insurance group Admiral, owner of insurance quote comparison web site Confused.com, posted record profits for the half year back in July, and updates the market on Friday on third quarter trading.

Swiss bank UBS is expecting the good news to keep on coming with motor premium rates predicted to continue to rise. “There could also be a further update on the group's international operations in Spain, Germany and Italy,” UBS said.

The company’s price comparison web site, Confused.com, is now operating in a far more crowded field than when it started in 2002, with the likes of Tesco Compare and GoCompare also popping up on TV screens adverts. The company would probably like to get out of the price comparison market while it still holds a healthy market share, but is unlikely to do so in a market where long time rival Moneysupermarket.com has seen its market value slide almost 70% over the last year.


INTERIM DIVIDEND PAYMENT DATE
Amlin, Blue Oar, Cattles, Charter, Chesnara, Elementis, Goldenport, Kingspan Group, Lincat Group, Maintel Holdings, Michael Page International, Regus Group, Rightmove, T Clarke, Tolent, W H Ireland, WSP Group, Xstrata

QUARTERLY PAYMENT DATE
British Assets Trust

FINAL DIVIDEND PAYMENT DATE
Colefax Group, Dyson Group, HMV Group, Kesa Electricals, London Finance & Investment Group, New Star Investment Trust, Western Selection

INTERIMS
Admiral (Q3)

TRADING ANNOUNCEMENTS
Jarvis, Renishaw

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