RSA best performer with 9.47% rise
No LSE stocks on our watchlist experienced any drops over the week. Some share prices managed to make significant increases, although most of these were banks. At 21.16%, RBS’s share price made the biggest leap to 55.65p; Lloyds TSB’s shares rose 9.69% to 108.29p; while Barlcays and HSBC increased 4.84% and 3.53% respectively.
Of the insurers, RSA was the best performer, its shares rising 9.47% to 129.7p. Shares in Admiral, Hiscox and Amlin, which all announced their half-year results last week, increased by a respectable 4.08%, 7.91%, and 3.51% respectively.
Chaucer’s share price rose a small 2.95% in the week before its results were expected.
AIM-listed stocks on our watchlist were all relatively flat. The most impressive rise, 22.64% over the week, came from CBG Group – despite its revenue falling to £4.86m for the first half of 2009 from the £5.66m it made in the same period in 2008. The most dramatic downturn in price was Gable Holdings, whose share price dropped 10.87% to 10.25p.
Meanwhile, Resources in Insurance Group’s share price plunged 9.52% to 47p.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
