Live updates

Shares worth £3,600 for Admiral staff in profits boost

More than 8,000 staff at Elephant and Diamond insurer Admiral have been handed a bumper payout after it secured record full-year profits.

The Cardiff-based insurer said it will give staff free shares worth a total of £3,600 each under an employee share scheme based on the results.

The pay boost comes after rising car insurance premiums helped group pre-tax profits rise 6% to £377 million in 2015.

Welsh property 'Oscars' announced

Ty Admiral gained the top honour. Credit: Admiral

The Royal Institute of Chartered Surveyors has announced its RICS Wales Awards 2015 with the headquarters of insurance company Admiral crowned Project of the Year.

The winners of the eight individual categories are:

  • Building Conservation: Bodnant Welsh Food Centre, Conwy.
  • Community Benefit: Llangefni Town Hall, Llangefni.
  • Design through Innovation: The Hayden Ellis Building, Cardiff.
  • Infrastructure: Smart Bridge, Capital Quarter, Cardiff.
  • Regeneration: Loudon Square, Cardiff.
  • Residential: The Beeches Village, Caerphilly.
  • Tourism & Leisure: Coppet Hall, Saundersfoot.


Admiral celebrates 20 years of business

Welsh insurance company Admiral is marking its 20th anniversary. It launched on 2 January 1993 from its headquarters in Cardiff.

Chief Operating Officer David Stevens is one of 16 members of staff who have been there since the start. He told our Business Correspondent Carole Green that he wants to see the company go on to become 'a success story that's recognised across the globe.'