Aviva's £3.7bn takeover of Direct Line given green light
1st Jul 2025 09:41
(Sharecast News) - Aviva's £3.7bn takeover of smaller rival Direct Line Insurance Group has been cleared by the competition watchdog, it was confirmed on Tuesday, the final hurdle facing the tie-up.
Read moreDirect Line CEO and CFO to step down ahead of Aviva deal
23rd Jun 2025 15:21
(Sharecast News) - Direct Line's chief executive and chief financial officer are to exit the business at the start of next month as part of the insurer's merger with Aviva.
Read moreWatchdog to probe Aviva's £3.7bn takeover of Direct Line
14th May 2025 09:34
(Sharecast News) - The competition watchdog is to investigate Aviva's planned £3.7bn takeover of Direct Line Insurance Group, it confirmed on Wednesday.
Read moreDirect Line motor segment returns to profitability
4th Mar 2025 09:04
(Sharecast News) - Direct Line said on Tuesday that it swung to a full-year ongoing operating profit as the motor segment returned to profitability.
Read moreLondon close: Stocks mixed in quiet pre-Christmas trading
23rd Dec 2024 16:57
(Sharecast News) - London's stock markets closed in mixed territory on Monday, after fresh official data revealed that the UK economy flatlined in the third quarter, fueling apprehensions about growth prospects.
Read moreAviva seals £3.75m deal to snare Direct Line
23rd Dec 2024 07:04
(Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend but warned it would be looking for cost savings via job cuts.
Read moreAviva's Direct Line takeover faces 'material' execution risks, says Jefferies
11th Dec 2024 09:29
(Sharecast News) - Jefferies has reiterated its 'buy' stance on Aviva after the insurer's £3.6bn takeover pursuit of Direct Line was agreed by the latter's board, but said that the deal brings major execution risks.
Read moreLondon close: Stocks mixed as US payrolls beat expectations
6th Dec 2024 15:43
(Sharecast News) - London's stock markets closed on a mixed note on Friday, with investors reacting to a stronger-than-expected US non-farm payrolls report and corporate deal activity driving selective gains.
Read moreAviva set to grab Direct Line after lifting bid price
6th Dec 2024 07:05
(Sharecast News) - Shares in Direct Line spiked on Friday after the UK insurer said it was ready to accept an increased offer from rival Aviva of 275p a share, valuing the company at £3.6bn.
Read moreLondon close: Stocks higher amid Korean political turmoil
3rd Dec 2024 16:30
(Sharecast News) - London's equity markets closed higher on Tuesday as upbeat sentiment in the retail and travel sectors buoyed investors, with the world's attention on sudden political instability in South Korea.
Read moreBerenberg raises target price on Direct Line following Aviva takeover bid
3rd Dec 2024 09:49
(Sharecast News) - Analysts at Berenberg raised their target price on Direct Line Insurance from 215.0p to 270.0p on Tuesday following Aviva's non-binding 250.0p per share offer for the group.
Read moreLondon close: Stocks rise with deal news in focus
28th Nov 2024 16:07
(Sharecast News) - London markets ended Thursday in positive territory, with deal activity providing a significant boost to specific sectors.
Read moreHigher Aviva offer might be forthcoming if Direct Line engages, says Jefferies
28th Nov 2024 09:50
(Sharecast News) - A higher takeover proposal from Aviva might be forthcoming, Jefferies said in a note on Thursday, as it commented on the insurer's £3.3bn takeover proposal for Direct Line.
Read moreDirect Line rejects 'highly opportunistic' takeover proposal from Aviva
27th Nov 2024 20:07
(Sharecast News) - Direct Line surged on Thursday after it rejected a £3.3bn takeover proposal from Aviva.
Read moreLondon close: Stocks sink as UK jobless rate rises
12th Nov 2024 16:39
(Sharecast News) - London stocks fell sharply on Tuesday as investors digested recent UK employment data alongside broader market reactions to Donald Trump's US presidential victory last week.
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