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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

Direct Line Bestway Sainsbury

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.

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