Highway predicts 2008 will provide diappointing earnings
Highway Insurance Holdings has released an Interim Management Statement and trading update in advance of its Annual General Meeting as required by rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority.
“Trading conditions have been difficult in the first months of 2008. The UK motor insurance market remains competitive and investment returns that are marked to market have been affected by the prospect of a global economic slowdown and the fragility of financial markets.
“The board believes that Highway remains well placed to take advantage of current market developments and trading conditions that are expected to improve over the remainder of the year and into 2009. The business has a strong
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