Jefferies downgrades Direct Line to 'hold'
12th Nov 2024 10:28
(Sharecast News) - Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut the price target to 165p from 235p.
Read moreLondon close: Stocks maintain gains ahead of UK jobs data
11th Nov 2024 16:57
(Sharecast News) - London markets closed higher on Monday, with Croda International among the leaders after the specialty chemicals company reported a strong third-quarter sales update.
Read moreDirect Line to axe 550 jobs amid tough motor market
11th Nov 2024 07:32
(Sharecast News) - UK insurer Direct Line said it planned to axe 550 jobs as part of a turnaround plan amid continuing struggles at its motor insurance arm.
Read moreLondon close: Stocks mixed as government borrowing rises
22nd Oct 2024 15:23
(Sharecast News) - London stocks saw a mixed performance on Tuesday, with investors digesting the latest data on government borrowing ahead of next week's Budget.
Read moreLondon close: Stocks rise on fresh rate cut hopes
16th Oct 2024 14:40
(Sharecast News) - London's equity markets finished higher on Wednesday as investors reacted positively to a significant drop in UK inflation, which reached its lowest point in over three years.
Read moreShares under pressure as government, FCA probe car insurance
16th Oct 2024 11:02
(Sharecast News) - Shares in UK motor insurance firms fell on Wednesday, after two investigations into the sector were announced simultaneously.
Read moreLondon close: FTSE slips as US job openings miss forecasts
4th Sep 2024 15:00
(Sharecast News) - London stock markets ended Wednesday flat to lower as investors processed fresh economic signals from the US, particularly a lower-than-expected job openings report.
Read moreWednesday preview: Services PMIs, Direct Line Group in focus
3rd Sep 2024 13:12
(Sharecast News) - The market spotlight in the middle of the week will be on the health of the services sector on either side of the Channel.
Read moreLondon close: Stocks slip as investors await Nvidia results
28th Aug 2024 15:00
(Sharecast News) - London stocks ended slightly down on Wednesday, with investors showing restraint ahead of crucial earnings from US chipmaker Nvidia.
Read moreCiti upgrades Direct Line to 'buy'
28th Aug 2024 09:29
(Sharecast News) - Citi upgraded Direct Line Insurance on Wednesday to 'buy' from 'neutral' and lifted the price target to 223p from 208p.
Read moreLondon close: Stocks higher as investors digest Powell speech
23rd Aug 2024 14:33
(Sharecast News) - London markets closed in positive territory on Friday, as investors digested remarks from US Federal Reserve chairman Jerome Powell at the annual Jackson Hole economic symposium.
Read moreFTSE 250 movers: Direct Line in the red, Ithaca Energy rebounds
23rd Aug 2024 12:13
(Sharecast News) - The FTSE 250 remained just above the waterline in Friday afternoon trading as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium.
Read moreDirect Line finds miscalculation in 2023 Solvency Capital Ratio
23rd Aug 2024 08:51
(Sharecast News) - Direct Line Insurance Group announced a correction to its previously-reported Solvency Capital Ratio (SCR) for the year ending 2023 on Friday, after it identified a miscalculation.
Read moreLondon close: Stocks rise as investors look to US data
10th Jul 2024 15:01
(Sharecast News) - London stocks closed on a positive note Wednesday, buoyed by robust performances in the airline sector and growing investor attention towards key economic events in the United States, although the top-flight index remained near recent lows.
Read moreDirect Line unveils plans to boost growth
10th Jul 2024 07:57
(Sharecast News) - Direct Line is to put its flagship motor brand on price comparison websites for the first time, the insurer said on Wednesday, as part of a wider strategy intended to boost profits and cut costs.
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