Direct Line rejects £3.1bn takeover approach from Belgium's Ageas
28th Feb 2024 15:19
(Sharecast News) - Direct Line confirmed on Wednesday that it had rejected a £3.1bn takeover approach from Belgium's Ageas, as it significantly undervalued the group.
Read moreLondon close: Stocks slip as US GDP growth decelerates
28th Feb 2024 15:01
(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.
Read moreAgeas mulls £3.1bn bid for Direct Line, shares surge
28th Feb 2024 12:02
(Sharecast News) - Shares in Direct Line Insurance Group motored ahead on Wednesday, after Belgium's Ageas confirmed it was considering a possible £3.1bn bid for its UK rival.
Read moreJPMorgan turns more positive on Direct Line and Admiral
25th Jan 2024 10:21
(Sharecast News) - Shares in UK motor insurers Direct Line Group and Admiral were rising on Thursday after positive comments from JPMorgan, which said that a sector recovery is imminent and that investor concerns about regulatory intervention are overdone.
Read moreLondon close: Stocks finish lower as wage growth eases
16th Jan 2024 16:17
(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.
Read moreBerenberg upgrades DLG to 'buy', sees catalysts in 2024
16th Jan 2024 09:49
(Sharecast News) - Berenberg has upgraded its rating for motor insurance group Direct Line from 'hold' to 'buy', saying that the stock's current price presents a buying opportunity.
Read moreLondon close: Stocks slip as investors brace for US inflation
10th Jan 2024 15:23
(Sharecast News) - London stocks closed with losses on Wednesday, influenced by a pessimistic growth outlook from the World Bank and investors' attention to upcoming US inflation data.
Read moreInsurers Admiral, Direct Line tumble on premium financing woes
10th Jan 2024 11:48
(Sharecast News) - Insurers Admiral and Direct Line tumbled on Wednesday amid concerns of a potential clampdown on premium financing.
Read moreDeutsche Bank upgrades UK insurers but downgrades Aviva
29th Nov 2023 10:14
(Sharecast News) - Deutsche Bank has raised its ratings for insurance peers Direct Line Group, Legal & General and M&G from 'hold' to 'buy', after turning more positive on the sector heading into next year, but has cut its rating on Aviva.
Read moreLondon close: Stocks slip ahead of FOMC minutes, Autumn Statement
21st Nov 2023 15:19
(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.
Read moreCiti double upgrades Admiral to 'buy'
21st Nov 2023 07:16
(Sharecast News) - Citi upgraded Admiral on Tuesday to 'buy' from 'sell' as it said its 'Deep Dive' report had suggested consensus is too conservative on the impacts of recent pricing on topline estimates and the implications of the Ogden discount rate changes in 2024.
Read moreDirect Line gross written premiums grow in Q3
7th Nov 2023 11:46
(Sharecast News) - Insurance company Direct Line said on Tuesday that gross written premiums had grown in the three months ended 30 September, driven by premium rate increases and the commencement of its Motability partnership.
Read moreLondon close: Stocks mixed as weaker pound lifts FTSE 100
7th Sep 2023 15:57
(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.
Read moreDirect Line losses widen as motor claim costs rise
7th Sep 2023 07:49
(Sharecast News) - Shares in Direct Line Insurance Group surged on Thursday as the company slapped drivers with a 25% premium hike to improve operating profit next year while it also picked up £520m via the sale of its commercial lines business.
Read moreDirect Line faces £30m bill for overcharging motor, home customers
1st Sep 2023 07:24
(Sharecast News) - UK insurer Direct Line has agreed with regulators to review overcharging of existing motor and home policyholders in a move that could cost it £30m to fix.
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