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The Latest Breaking News from Direct Line

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

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 Independent UK

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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’

The Guardian - UK

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

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

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.

Evening Standard

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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 Guardian - UK

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 ...

The National (Scotland)

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.

Evening Standard

Why you need specialist cycle insurance

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

Cycling Weekly

Does it come with air con? How to keep your home cool in a heatwave for as little as £15

Two in three Londoners have reported their homes are ‘unbearably hot’ as demand for air conditioning rises

Evening Standard

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The Independent UK

Direct Line to finally launch on price comparison websites

The insurance brand will launch on price comparison websites with a new suite of motor insurance products

Evening Standard

Direct Line rings the changes with new CFO brought in from Aviva after recent spate of setbacks

After rejecting a £3.1 billion international bid, there are more top-level changes at the FTSE 250 firm

Evening Standard

Bed bug callouts soared by a fifth in London last year

Boroughs in the capital spent more than £270,000 dealing with bed bugs last year

The Guardian - UK

Direct Line rejects £3.1bn takeover offer from Belgian rival

British insurer says offer last month from Ageas was ‘highly opportunistic’, after shares surge on talk of bid

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The Guardian - UK

‘The quotes were £5,000 or more’: electric vehicle owners face soaring insurance costs

Drivers who ditched petrol and diesel to help save the planet face huge price rises in premiums

The Independent UK

Robert De Niro is disgracing himself – and Taxi Driver – by starring in an Uber advert

By joining the likes of Harvey Keitel for Direct Line and Judi Dench for Money Supermarket, the Oscar winner is threatening his legacy by nodding to his ‘Taxi Driver’ character in a TV commercial for a ride-sharing app, writes Nick Hilton. What is he thinking?

The Independent UK

Record spike in insurance firms ripping off drivers over value of their car

Exclusive: Drivers of BMW, Mercedes and Land Rover cars are worst affected with underpayments of £1,000, according to research

The Independent UK

Direct Line to pay out £30m to customers overcharged on car or home insurance after rule breach

The insurer admitted to an ‘error’ in implementing new fair pricing rules

The Guardian - UK

Direct Line to pay £30m to overcharged car and home insurance customers

Company breached rules that state existing policyholders should not be charged more than new ones

The Independent UK

The great car insurance con: Complaints about payouts soar as motorists hit by record-high premiums

Exclusive: Insurers delaying payout claims and undervaluing cars among top complaints

The Independent UK

The great car insurance con: Premiums soar to record high as prices hiked 50% in a year

Exclusive: The average premium rose by 48 per cent in the 12 months to June 2023

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