MARKET REPORT: Sabre makes dream start on its debut

Car insurer Sabre accelerated on its first day of trading with shares up 11.7 per cent.The quirky insurer – known for its brands Go Girl, Drive Smart and Insure2Drive – sped past its initial placing price of 230p to 257p, valuing the company at £642.5million, a significant premium on its initial valuation of £575million.Sabre specialises in writing policies for ‘non-standard’ drivers – such as graduates with no credit or sports car owners – who are unable to get cover from the major insurers....