Wednesday preview: China CPI, Direct Line Group in focus
9th Jul 2024 12:25
(Sharecast News) - Investors' focus in the middle of the week will shift a tad towards Asia Pacific.
Read moreLondon close: Stocks higher as investors digest US jobs data
3rd Jul 2024 15:04
(Sharecast News) - London's stock markets closed on a positive note on Wednesday, buoyed by a wave of economic data from the United States and renewed hopes for interest rate cuts.
Read moreBerenberg remains cautious on Direct Line
3rd Jul 2024 11:06
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on insurer Direct Line from 220.0p to 215.0p on Wednesday as it said the risk of the stock "disappointing" was now rising.
Read moreLondon close: Stocks rise further ahead of BoE decision
8th May 2024 16:36
(Sharecast News) - London's stock markets closed with gains on Wednesday, bolstered by a dip in the value of the pound against both the dollar and the euro.
Read moreDirect Line Q1 premiums up on price hikes
8th May 2024 07:40
(Sharecast News) - UK insurer Direct Line on Wednesday reported a large rise in first-quarter written premiums as it hammered consumers with price hikes.
Read moreLondon close: Stocks finish higher as US inflation tops forecasts
10th Apr 2024 15:00
(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.
Read moreDirect Line replaces CFO with another Aviva exec
10th Apr 2024 07:27
(Sharecast News) - Motor insurance group Direct Line has poached the head of finance from Aviva's general insurance unit to be its new chief financial officer, replacing its CFO of three years just weeks after a failed takeover offer from Ageas.
Read moreLondon close: Stocks manage gains ahead of US payrolls report
4th Apr 2024 15:58
(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.
Read moreLondon close: Stocks slip back after last week's peak
25th Mar 2024 15:49
(Sharecast News) - London markets finished in the red on Monday, having traded below the waterline through the session after reaching a peak at the end of last week.
Read moreDirect Line confident in standalone prospects as Ageas abandons pursuit
25th Mar 2024 07:16
(Sharecast News) - Direct Line said on Monday that it was confident in its standalone prospects after Belgium's Ageas announced it would not be making an offer for the insurer following two failed attempts at engaging with the board.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
21st Mar 2024 16:33
(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.
Read moreDirect Line reinstates dividend, announces new cost-savings plan
21st Mar 2024 08:08
(Sharecast News) - Direct Line posted a widening of its full-year losses on Thursday as it announced a new £100m cost-savings plan and declared a 4p a share dividend.
Read moreSunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce
17th Mar 2024 22:57
(Sharecast News) - Nationwide's bid to create the UK's second-largest savings and loans group by taking over Virgin Money may be derailed if its members get a say on whether the deal goes through or not. It would take just 500 Nationwide members depositing £50 each one to convene a special meeting and ask for a vote on the deal. Furthermore, preparations for a vote would keep Nationwide from meeting the 4 April deadline for making a binding offer under Takeover Panel rules. However, the society says that its existing legal advice is that no vote is required. - Financial Mail on Sunday
Read moreAgeas facing opposition from top shareholder over Direct Line pursuit - report
14th Mar 2024 11:55
(Sharecast News) - Belgian insurer Ageas is reportedly facing opposition from one of its leading shareholders to a potential takeover of London-listed rival Direct Line.
Read moreLondon close: Stocks mixed as UK economy returns to growth
13th Mar 2024 15:00
(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.
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