Admiral: no sacred cows
Admiral has admitted there are "no sacred cows" among its burgeoning international operation, but that it remains committed to the loss making insurance businesses for now.
The news came as the insurance group reported profit before tax at £216m last year, 7% ahead of 2008, while turnover rose 18% to £1.08bn.
Admiral also saw reserve releases drop to £31.3m (2008: £31.3m
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