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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Colonial Coal International Corp | TG:COX | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.059 | -2.91% | 1.966 | 1.91 | 2.01 | 2.025 | 1.98 | 2.005 | 6,801 | 22:50:01 |
RNS Number:1806M Cox Insurance Holdings PLC 11 June 2003 11 June 2003 Cox Insurance Holdings Plc AGM Trading Statement At today's Annual General Meeting of Cox Insurance Holdings Plc, Peter Owen, Chairman, gave the following update on trading: Underwriting We see continued strength in the diversified segments of our personal lines business, and are confident that overall our business will continue to grow in 2003. Management of our broad spread of niche businesses is ensuring that this growth will be profitable despite competition in the private car market. Underwriting performance has been very encouraging and we anticipate that our combined ratio will continue to be at the forefront of the market. Broking and Insurance Services These businesses are trading well and we are continuing to improve margins, conversion and retention rates and overall efficiency, in order to improve our profitability despite competition in the market. We are encouraged about new business prospects in our direct business. Cost Reduction Our re-engineering projects are set to provide increasing benefits in the future. We are successfully automating existing manual processes and have increased the extent of our outsourced activities. Isolated Business The isolated business continues to perform in line with expectations and our confidence is further underpinned by significantly increased reinsurance protection. Outlook We have seen a positive start to the year. We are very well placed in our key markets to maximise the benefits of the current trading environment. -Ends- For further enquiries, please call: Cox Insurance Holdings Plc Peter Owen, Chairman 020 7265 6711 Brunswick Group Ltd Rupert Young 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange END TSTGCGDLSBBGGXB
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