Muthoot Finance shares jump over 7% on strong Q3 results; NIM at 17.1% highest in 12 quarters

Shares of Muthoot Finance ltd jumped over 7 percent on Monday, buoyed by a strong third quarter performance. The gold finance company’s shares quoted at Rs 792.35 apiece, up 6.3 percent on BSE at 9.36 am. The stock opened at Rs 774, up over 3.5 percent from its Friday’s close of Rs 746.60. The stock surged to a new 52-week high of Rs 801.70 per share. So far this year, the stock has gained nearly 3 percent, while the one year return on the stock is more than 50 percent…

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Car insurance premiums ‘jump by £110’

Drivers saw their car insurance premiums rise by an average of £110 in the last year, a comparison site says. More expensive repairs and recent government changes to injury payouts pushed up annual insurance costs by 16%, according to Confused.com. It found drivers paid on average £781 on comparison sites for a comprehensive policy in the year to March 2017. Average premiums are set to rise to a record high and could pass £1,000 next year, it added. Newer vehicles have seen some of the biggest rises, because their increasingly…

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