Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Admiral gains on results; Diploma slumps on CFO exit
(Sharecast News) - London's FTSE 100 was flat at 9,161.47 in afternoon trade on Thursday. Admiral was the top riser as it posted a 69% increase in first-half pre-tax profit before continuing operations to a record £521m.
Russ Mould, investment director at AJ Bell, said: "FTSE 100 insurer Admiral is humming along quite nicely, supported by a strong showing in its motor insurance business.
"In a competitive market, Admiral remains in the fast lane. The strength of its brand allows it to remain disciplined on price while still attracting new business. Admiral's smart pricing tools have also helped to support underwriting profitability over time.
"The company is being rewarded for treating customers relatively well, at least in relation to its rivals, including during the pandemic. This is driving customer loyalty.
"Admiral recently swerved a potential hazard as the FCA decided to take no regulatory action on premium finance - effectively the cost borne by consumers if they opt to pay their insurance premiums in monthly instalments rather than in one lump sum."
Centrica advanced after it and Energy Capital Partners bought National Grid's Grain LNG business for £1.66bn.
Aviva gained after it said half-year operating profit surged 22% as it hiked prices and grew premium income.
On the downside, Diploma slumped as it said chief financial officer Chris Davies has resigned with immediate effect.
"This decision follows a recent company event where, through a lapse in judgement, his personal behaviour did not meet the high standards required of the group's leadership team," the company said.
Rio Tinto, GSK, Unilever and BP all fell as they traded without entitlement to the dividend.
FTSE 100 - Risers
Admiral Group (ADM) 3,544.00p 5.23% Centrica (CNA) 167.20p 3.15% Aviva (AV.) 678.20p 2.91% Babcock International Group (BAB) 993.00p 2.69% BAE Systems (BA.) 1,777.50p 2.66% Rolls-Royce Holdings (RR.) 1,105.00p 2.17% NATWEST GROUP (NWG) 550.80p 1.62% Marks & Spencer Group (MKS) 352.00p 1.59% Smurfit Westrock (DI) (SWR) 3,313.00p 1.47% WPP (WPP) 371.40p 1.20%
FTSE 100 - Fallers
Diploma (DPLM) 5,220.00p -4.13% Rio Tinto (RIO) 4,486.50p -3.90% Beazley (BEZ) 774.00p -3.25% Persimmon (PSN) 1,099.50p -2.61% GSK (GSK) 1,406.00p -2.02% Halma (HLMA) 3,228.00p -1.77% Barratt Redrow (BTRW) 377.90p -1.61% Unilever (ULVR) 4,499.00p -1.55% BP (BP.) 412.45p -1.41% JD Sports Fashion (JD.) 87.78p -1.35%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
