sees profits halve for start of 2017

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Admiral-owned price comparison website saw profit halved for the first six months of 2017.

The interim report showed that profit before tax fell to £4.5m following the £8.3m made in the same period last year.

Total revenue across its comparison sites business grew to £72.5m an increase on the £64.0m which came in during the first half of 2016.

The group results also revealed that the direct provider’s UK insurance turnover grew to £1.14bn (H1 2016: £1.03bn) and total premiums

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