Why are insurers getting a hammering today?

[DimPrawn]

Top 5 losers

value change %

Aviva
204.00 81.00 28.42

Prudential
220.25 56.00 20.27

Friends Provident
56.40 13.80 19.66

Legal & General Group
30.70 6.70 17.91

Old Mutual
32.80 4.60 12.30


Have these companies insured government debt or something?

[DaveB]

Aviva just announced huge losses due to devaluation of assets, the rest is just the market assuming the rest of the sector will be as bad.

[rootsnall]

Barstewards, bought some Aviva after management said they were hunky dory. Silly me

[DaveB]

The party line from the Chief Exec is that operating profits are up about 10% at around £2bn but taking into account devaluation of assets they lost around £8bn overall.

[Jubber]

What about the 14.20 at Lingfield ?

(Moscow mule where are you?)

[Moscow Mule]

The party line from the Chief Exec is that operating profits are up about 10% at around £2bn but taking into account devaluation of assets they lost around £8bn overall.

I thought it was £800M (or did I miss-hear the bloke on BBC breakfast this morning?)

[DaveB]

I thought it was £800M (or did I miss-hear the bloke on BBC breakfast this morning?)

Could be, I wasn't 100% on what I heard either

[Jubber]

What about the 14.20 at Lingfield ?

(Moscow mule where are you?)

Aha ! As if by magic.

Mr Mule - after you placed Tara Taylor at Exeter the other day - what are your tips for the Lingfield card?

[Moscow Mule]

What about the 14.20 at Lingfield ?

(Moscow mule where are you?)

Looks like punters reckon Enfant de Lune will get that one, but the odds are terrible.

Better off going for Okafranca e/w at 7/1

[Jubber]

Looks like punters reckon Enfant de Lune will get that one, but the odds are terrible.

Better off going for Okafranca e/w at 7/1

Do you have a crystal ball sir?

Spot on yet again - came in third. You're in the wrong job.