MARKET REPORT: Direct Line shares dive as suitor abandons bid
Ageas first approached Direct Line in January with an offer of 231 p a share, or £3.1bn. It raised this to 237p a share, or £3.2bn this month.
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Ageas first approached Direct Line in January with an offer of 231 p a share, or £3.1bn. It raised this to 237p a share, or £3.2bn this month.
The FTSE 100 opened slightly lower on Tuesday, following Wall Street's decline, as investors paused after recently driving indices to record levels. Mining stocks are weighing on the index, as well as... -March 26, 2024 at 06:17 am EDT - MarketScreener
European stocks were mostly higher on Monday ahead of the long Easter weekend and as investors took stock of a slew of rate decisions during the preceding week and dovish comments from policy makers that sent the Stoxx 600 index to record highs.
Belgian suitor Ageas has said it is not interested in raising its takeover offer for struggling UK car insurer Direct Line
Despite UK equities being unloved, Alex Wright of Fidelity Special Values PLC sees potential. With UK valuations and dividends, there may be strong returns ahead.