Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Bank of England expected to hike interest rates, Direct Line boss leaves, Bestway builds Sainsbury’s stake

Insurer Direct Line today revealed that chief executive Penny James has left the group with immediate effect.

James, who has run Direct Line since May 2019, leaves in the wake of the company’s decision to axe its dividend following a surge in December weather claims.

Meanwhile, family-owned wholesale and pharmacy group Bestway has revealed a 3.45% stake in Sainsbury’s but said that it is not considering a takeover offer.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.