Admiral makes strong start to year

Admiral, the motor insurer behind, is to pay 6,500 staff a £1,500 bonus in shares after a strong start to the year.

In the six months to June profits rose 7 per cent to £172m as the company bounced back from a tricky 2011. Last year the group was hurt by rising bodily injury claims. Yesterday it reported turnover up 6 per cent to £1.17bn. The dividend rose 15 per cent to 45.1p.