Direct Line agrees £3.7bn Aviva takeover December 23, 2024 Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this morning, Direct Line’s board endorsed Aviva’s latest £3.7bn offer for the business. Under the terms of the deal, shareholders will receive 0.2867 Aviva shares, along [...]
Clients of collapsed advice firm to have claims examined December 20, 2024 Claims from the collapsed advice firm Tenet will be investigated by the Financial Services Compensation Scheme (FSCS) at the start of next year. Earlier this year, the firm’s administrators said 9,645 clients were “considered as being at higher risk of having received unsuitable advice”. Tenet, which billed itself as the largest independent financial adviser network [...]
Aviva set for £3.6bn Direct Line takeover December 6, 2024 Direct Line is set to agree to a £3.6bn takeover by its bigger rival Aviva, after the FTSE 100 firm returned with a sweetened bid for the company today. In a joint statement to the market this morning, the two firms said they had struck the outlines of a deal in which Aviva will pay [...]
Tensions flair at Direct Line following Aviva takeover bid December 1, 2024 A battle is brewing over Direct Line about whether to accept any further takeover bids from Aviva, as its CEO seeks more time to turn the business around. Talking to the Sunday Times following the rejected £3.3bn bid from Aviva last week, Direct Line CEO Adam Winslow urged shareholders to back his turnaround plan over [...]
How Aviva and Ageas could go head-to-head in Direct Line bidding war November 29, 2024 The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
Direct Line shares surge after £3.3bn Aviva takeover approach November 28, 2024 Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Direct Line rebuffs ‘highly opportunistic’ approach from Aviva November 27, 2024 In a stock exchange announcement, Aviva confirmed that it had submitted an offer last week, which valued the FTSE 250 firm at 250p per share.
Aviva: Insurance demand boosts FTSE 100 giant November 14, 2024 "Our third quarter performance has been very strong," Amanda Blanc, Aviva chief executive said.
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Starmer vows to rip up the red tape at investment summit October 14, 2024 Prime Minister Keir Starmer will today promise to rip up the red tape that is needlessly holding back investment in a bid to galvanise economic growth. Starmer is set to make the pledge in a speech at the government’s inaugural International Investment Summit, which kicks off today at the Guildhall in the heart of the [...]