Direct Line Share Price (DLG)

Got a small buy order in for when these hit 250p.

Indicative FTSE 100 Deletions.....
• Direct Line Insurance Group
• Marks & Spencer Group
• Micro Focus International

We need Centrica share price to drop over next couple of days.

Come on McDonnell promise to nationalise them!

Looks like DLG will be demoted from the FTSE 100 come Wednesday.

I think the drop is entirely due to Brexit. The chairman of the Association of British Insurers (ABI), Mr.Huw Evans, recently said that if we leave the EU without a deal, we will adopt WTO rules which do not guarantee market access for service industries like insurance. Mr. Evans, who has described a no-deal exit as " an unforgivable act of economic and social self-harm ", said that a no-deal exit would require insurance companies to raise additional capital which would reduce competitiveness and lead to lower returns for investors.

Insurance companies like DLG have traditionally paid generous dividends to shareholders but a no-deal exit would clearly put these at risk. This is one of many hidden disadvantages of leaving without a deal which our political leaders don't talk about.