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News 2026-10-14 08:00 UTC

BUZZ — UK's Admiral falls after Peel Hunt cuts price target

* Shares of British insurer Admiral Group down 2.4% at 3,658 p * Stock is top loser in FTSE 100 * Peel Hunt cuts ADML's target price to 2,460p from 2,620p * "We believe Admiral's policy volume gains will erode as the company increases UK Motor rates ahead of a competitive market, in order to protect underwriting margin