Direct Line to prioritise profits in bid to shake off Ageas interest March 10, 2024 The new boss at Direct Line is is bringing forward his plans for turning around the business in an attempt to rebuff a £3.1bn takeover bid from Belgian insurers Ageas.
Ageas’s interest Direct Line shows just how far the UK’s insurers have come since Covid March 9, 2024 And it is hard to overstate how difficult personal line insurers—by which we mean insurers whose customers are people, as opposed to businesses—like Direct Line, Admiral and Aviva have found business in the post-pandemic era.
IWD: Who are the four FTSE 100 firms with both female CEOs and CFOs? March 8, 2024 Out of the 100 companies in the FTSE, only 10 have a female CEO, compared to 24 CFOs. 14 of the female CFOs have been in their current role for less than two years, data from AJ Bell revealed.
Aviva: Costs down, profits up, and a private healthcare boom as Britain gives up on the NHS March 7, 2024 Insurance giant Aviva has posted a rise in annual profits as it rewards shareholders with a £300m buyback and upgraded dividend guidance.
Investec Champions Cup Barometer: Leinster back on the war path March 5, 2024 In the lead up to the 2023-24 Investec Champions Cup Round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Team of the week: Leinster Having lost in a friendly to Saracens last week Leinster [...]
Aviva back into Lloyd’s for first time in two decades after £242m acquisition March 4, 2024 Aviva will re-enter the Lloyd's market after the acquisition of Probitas, with the insurance giant looking to boost its commercial business
China bounces back in February and dominates best performing funds March 4, 2024 The best performing funds throughout February were dominated by Chinese funds, while property and physical metal funds both lost out as the worst performers. Throughout last month, the best performing fund was Matthews China Small Companies, which returned 14.4 per cent, according to data from FE Fundinfo. Indeed, seven of the top 10 performing funds [...]
Moving markets: Five things shaping the FTSE 100 today March 4, 2024 Asian markets rallied as Japan's Nikkei surged, bitcoin hit a two-year peak, and oil prices rose. All eyes are on the UK Budget and the Annual Chinese Communist Party (CCP) meetings, set to influence market dynamics this week.
Direct Line shares rocket higher after rejecting £3.1bn offer from Belgian peer Ageas February 28, 2024 This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed.
Vodafone to shrink again as it agrees £6.8bn offload of Italian division February 28, 2024 Vodafone has taken the next step in a radical restructuring of the group, agreeing to offload the Italian arm of the company in a multi-billion deal.