Direct Line Share News (DLG)

London close: Stocks slip back after last week's peak

(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.

LONDON MARKET MIDDAY: Stocks make tepid start to new week

(Alliance News) - Stock prices in London were down at midday on Monday, giving back some gains from last week, when equities were boosted by central bank decisions and accompanying statements which investors saw as dovish.

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

LONDON MARKET OPEN: FTSE 100 treads water, FTSE 250 declines

(Alliance News) - The FTSE 100 in London traded flat early Monday, while the pound remained below the USD1.26 mark, as Bank of England Governor Andrew Bailey suggested rate cuts may happen soon.

Direct Line confident in standalone prospects as Ageas abandons pursuit

(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.

TOP NEWS: Ageas withdraws bid for Direct Line after advances spurned

(Alliance News) - Ageas AG on Friday said it has withdrawn a proposed bid for Direct Line Insurance Group PLC after failing to secure the backing of its UK peer.

London close: Stocks rise as BoE keeps rates on hold

(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.

TOP NEWS: Direct Line eyes cost cuts as new CEO fends off Ageas

(Alliance News) - Direct Line Insurance Group PLC on Thursday announced plans to save GBP100 million and boost insurance margins, as it looks to stymie the unwanted advance of Belgium's Ageas SA.

Direct Line reinstates dividend, announces new cost-savings plan

(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.

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

Sunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce

(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

PRESS: Direct Line suitor Ageas heads to China for Fosun backing

(Alliance News) - Direct Line Insurance Group PLC suitor Ageas SA has looked to win support of its own largest shareholder, China's Fosun, in its bid to acquire the FTSE 250-listed insurer, the Sunday Times reported.

PRESS: Top shareholder in Ageas criticises Direct Line approach - Sky

(Alliance News) - Ageas SA, the Belgian insurer pursuing a takeover of Direct Line Insurance Group PLC, its London-listed rival, is facing opposition from one of its own leading shareholders to a potential deal, according to Sky News.

UK earnings, trading statements calendar - next 7 days

Ageas facing opposition from top shareholder over Direct Line pursuit - report

(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.