London’s FTSE 100 was down 1.7% at 7,034.10 in afternoon trade on Thursday.
Admiral was under the cosh after motor insurer Sabre Insurance said it expects to pay out a smaller dividend for 2022 as it warned over the impact of claims inflation. Sabre shares were down a whopping 40%.
Miners were also in the red as metals prices fell, with Anglo American, Glencore and Rio all weaker, while oil giants BP and Shell gushed lower as oil prices fell.
On the upside, credit-checking firm Experian rose after it reiterated its annual targets following a strong start to the year.
Dechra Pharmaceuticals was also in the black after it announced the refinancing of its debt facilities.
FTSE 100 – Risers
Entain (ENT) 1,119.00p 3.37%
Experian (EXPN) 2,654.00p 3.27%
Pershing Square Holdings Ltd NPV (PSH) 2,490.00p 2.05%
Scottish Mortgage Inv Trust (SMT) 783.00p 1.93%
Dechra Pharmaceuticals (DPH) 3,600.00p 1.81%
JD Sports Fashion (JD.) 125.55p 1.62%
Centrica (CNA) 85.42p 1.26%
International Consolidated Airlines Group SA (CDI) (IAG) 107.28p 1.23%
RS Group (RS1) 912.50p 1.16%
Rentokil Initial (RTO) 497.40p 1.08%
FTSE 100 – Fallers
Admiral Group (ADM) 1,978.00p -16.22%
Anglo American (AAL) 2,517.50p -6.24%
Glencore (GLEN) 400.50p -4.29%
Rio Tinto (RIO) 4,594.00p -4.13%
Shell (SHEL) 1,924.20p -3.89%
BP (BP.) 363.25p -3.70%
Fresnillo (FRES) 660.00p -3.59%
Antofagasta (ANTO) 1,006.00p -3.41%
Standard Chartered (STAN) 558.00p -3.29%
Ocado Group (OCDO) 786.80p -3.22%
