Hiscox drops 4% after Q2 results

Shares in London market carrier Hiscox have fallen over 4 percent
after the company's second quarter results raised concerns over
its near-term outlook.
The stock was trading down 4.2 percent at 1,296 pence as of 14:58
in London as markets reacted to a near-50 percent year-on-year
decrease in first-half profits to £102.6mn ($134.7mn).
The result was dented by a negative currency impact of
£30.9mn, but still managed to exceed analyst expectations.
However, UBS analysts warned outlook