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The Latest Breaking News from Direct Line

Direct Line boss gets £7.8m pay packet despite surging insurance costs

Adam Winslow was handed the deal as the company prepares for a £3.7 billion takeover by rival insurer Aviva.

Evening Standard

Direct Line hails turnaround as average motor cover prices up

The insurance giant is preparing to be bought by rival insurer Aviva after agreeing to a tie-up.

The Independent UK

Aviva boss lands £7.2m pay package as results beat forecasts

Chief executive Dame Amanda Blanc picked up a £2.2 million annual bonus and £3.7 million in long-term share awards for 2024.

Evening Standard

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FTSE 100 edges higher despite UK economy stalling in third quarter

London’s FTSE 100 closed 18.11 points higher, or 0.22%, at 8,102.72.

The Independent UK

Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk

Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined group

The Guardian - UK

Aviva and Direct Line agree £3.7bn insurance tie-up

The insurance mega-merger will cover more than a fifth of the total UK market if approved.

Evening Standard

FTSE 100 Live 23 December: UK economy stalled in Q3, Direct Line £3.7bn takeover agreed

Britain’s economy ground to a halt in the third quarter of the year, figures showed today.

Evening Standard

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Direct Line launches new motor insurance products on price comparison website

The group announced in July that it planned to launch on price comparison websites for the first time in its history.

The Independent UK

Utilities drag on FTSE 100 after Thames Water receives rescue bid

The FTSE 100 moved 40.77 points lower, or 0.49%, to close at 8,308.61.

Evening Standard

Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened

Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November

The Guardian - UK

Direct Line backs £3.6bn takeover move by rival Aviva

Aviva made the sweetened approach after seeing a £3.3 billion takeover tilt rebuffed last month.

Evening Standard

Direct Line accepts £3.6bn takeover after rival insurer Aviva raises bid

Preliminary agreement reached after third offer, which values Direct Line at 275p a share

The Guardian - UK

Boss of takeover target Direct Line wants time to turn around insurer

New management at struggling firm, which rejected £3.3bn bid from Aviva, ‘making excellent progress’, says CEO

The Guardian - UK

The market is not sentimental. Direct Line’s days of independence look numbered

Aviva offer looks to be opening shot in a negotiation – and Direct Line knows there will be a price at which it has to roll over

The Guardian - UK

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The Independent UK

London stocks close in green as takeover flurry drives FTSE 250 higher

London’s top index finished 6.47 points higher to end the day at 8,281.22.

The Guardian - UK

George Osborne collects share of £30m after record profits at City advisory firm

Ex-chancellor one of three partners to share sum at Robey Warshaw, co-founded by ‘trillion-dollar man’ Simon Robey

The Guardian - UK

Aviva could make higher offer for Direct Line amid flurry of takeovers in London

Direct Line shares soar by more than 40% after initial 250p-a-share offer was rebuffed as ‘highly opportunistic’

Evening Standard

Direct Line shares surge after insurer rejects £3.3bn Aviva takeover tilt

Direct Line said the approach ‘substantially undervalued’ the company.

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Evening Standard

FTSE 100 Live 28 November: Direct Line shares surge on Aviva approach, Loungers backs £338m takeover

Direct Line Insurance shares are back in the takeover spotlight after the Green Flag owner rejected a £3.3 billion approach by Aviva.

The Guardian - UK

Direct Line rejects Aviva takeover offer of £3.3bn

Insurer rebuffs move as ‘highly opportunistic’ and follows dismissal of offer from Belgian firm Ageas in February

The Guardian - UK

Direct Line to axe about 550 jobs as part of £50m cost-cutting drive

Company to shed about 6% of its workforce of 9,000 as it loses car insurance customers

The National (Scotland)

Huge insurance firm with offices in Scotland to cut 550 jobs

Direct Line Group has revealed plans to axe around 550 jobs as it looks to cut costs amid a turnaround at the insurer ...

Evening Standard

Direct Line to axe 550 jobs under cost-cutting plan

The insurer is looking to slash costs by £50 million in 2025.

Evening Standard

FTSE 100 Live 11 November: NatWest cuts Treasury stake with £1bn buyback, Bitcoin tops $81,000

The Government’s NatWest stake is down to 11.4% after the lender spent £1 billion buying its shares from the Treasury.

Cycling Weekly

Why you need specialist cycle insurance

Cycle-specific insurance can provide the right cover for you and your bike, home and abroad

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