Direct Line rejects second takeover approach from Ageas, shares tumble
13th Mar 2024 10:42
(Sharecast News) - Direct Line tumbled on Wednesday after saying it had received and rejected a second takeover approach from Belgian rival Ageas as it continues to undervalue the group.
Read moreSunday newspaper round-up: EasyJet, Direct Line, Cairo
3rd Mar 2024 15:16
(Sharecast News) - EasyJet founder Sir Stelios Haji.Ioannou has called time on his long-running feud with the "scoundrels" running the carrier. Haji-Ioannou has admitted that his war with easyJet boss Johan Lundgren was motivated by his fear that it would not get through Covid-19. His latest remarks come as the company is preparing to re-enter the ranks of the FTSE 100. They also come after attempts by easyJet to fill the gap in the market left by the collapse of Monarch and Thomas Cook, with Lundgren and chairman Stephen Hester having tried to shift focus towards selling holidays instead of just flights. - The Sunday Times
Read moreAgeas would need to offer 270p to 300p a share for Direct Line, says Jefferies
29th Feb 2024 09:36
(Sharecast News) - Belgium's Ageas would need to make an offer of 270p to 300p a share for UK insurer Direct Line for it to be more likely to be accepted, Jefferies said in a note on Thursday.
Read moreDirect 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.
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