Admiral slumps as Munich Re sells 12.1m shares
Admiral Group
2,682.00p
10:00 26/04/24
-0.37%
-10.00p
Admiral slumped on Wednesday after Munich Re sold 12.1m shares in the insurer in a placing.
FTSE 100
8,105.37
10:00 26/04/24
n/a
n/a
FTSE 350
4,453.30
10:00 26/04/24
n/a
n/a
FTSE All-Share
4,406.86
10:00 26/04/24
n/a
n/a
Insurance (non-life)
3,615.41
10:00 26/04/24
0.02%
0.63
According to traders, the shares were placed at 2,940p each and UBS was the bookrunner.
At 0820 BST, the shares were down 5% at 2,895p.