Editor's comment: The fall of angels
Many might argue the day was an inevitable one for a motor insurance giant where UK car cover accounts for 90% of group turnover, but the market evidently hoped otherwise. Admiral’s radiant stock market halo has finally lost some of its shine.
Neither CEO Henry Engelhardt’s proud exclamation mark after highlighting the £1bn-plus turnover in six months alone, nor the headline announcement of a record pre-tax profit was enough to distract the
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