Admiral Not Comparing Prices for Key Website ; INSURANCE

Admiral Group is not actively pursuing selling a stake in price comparison website, Confused.com, the UK motor insurer's chairman, Henry Engelhardt, said. Confused.com, which made profits of pounds 19.7 million, up from pounds 8.7 million at the same time last year, was the star performer in Admiral's strong first-half results - pretax profit rose 26 per cent to pounds 86.3 million, from pounds 68.7 million a year earlier. The group had been in talks with private equity suitors to dispose of a minority holding, which had valued Confused.com at between pounds 600 million and pounds 650 million.....

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