Stay updated with breaking news from Direct Line. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
London stocks had extended gains by midday on Wednesday, dragged lower by St James’s Place and Reckitt Benckiser after disappointing results, as investors eyed US GDP data.
Shares in Direct Line Insurance Group motored ahead on Wednesday, after Belgium's Ageas confirmed it was considering a possible £3.1bn bid for its UK rival.
News that Direct Line rejected a bid from Belgian insurer Ageas in recent weeks has pushed up the firm's stock price 17 per cent.
Ageas said it is considering a possible offer for Direct Line Insurance Group Plc, outlining a bid for the UK insurer that would be at a premium of 42.8%
Ageas SA/NV confirmed that it is in the preliminary stages of considering a possible offer to acquire the entire issued and to be issued share capital of Direct Line.