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Meet the West Belfast actor and model who is taking New York by storm

Meet the West Belfast actor and model who is taking New York by storm
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Direct Line Insurance feels chill with profits hit by the weather

The owner of Churchill and Green Flag insurance suffered a fall in profit last year as weather-related costs outweighed the benefit of fewer car claims amid coronavirus lockdowns.Shares in Direct Line

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Rolls-Royce Holdings PLC, Just Eat Takeaway, ITV, insurers and inflation in focus for coming week

Rolls-Royce Holdings PLC, Just Eat Takeaway, ITV, insurers and inflation in focus for coming week
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Direct Line lines up £100m share buyback; annual profit falls on weather-related claims | 8 March 2021

8 March 2021 | 07:59am StockMarketWire.com - Insurance company Direct Line Insurance announced a £100 million share buyback programme. The company also reported a fall in annual profit amid major weather-related claims and one-off costs. For the year ended 31 December 2020, pre-tax profit fell by £58.3 million to £451.4 million as gross written premiums fell 0.7% to £3.18 billion. Major weather costs increased to £43.0 million from £6.0 million. The combined operating ratio rose to 90.3% from 86.9% due to a reduction in prior-year reserve releases. The final dividend proposed of 14.7 pence per share, represented an increase of 2.1%, and the company announced a a share buyback programme of up to £100 million. Turning to the year ahead, we feel confident that we can build on the momentum we ve created and become a tech and data driven insurance company of the future with our customers at its heart, the company said.

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Direct Line lines up £100m share buyback; annual profit falls on weather-related claims

Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Direct Line lines up £100m share buyback; annual profit falls on weather-related claims
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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