Direct Line Group
DLG shares enter unconditional trading
Direct Line Group's share capital of 1.5 billion shares has been admitted to the official list of the UK Listing Authority today.
UK Insurance rating remains stable after DLG IPO
Direct Line Group's UK Insurance is unlikely to see its Moody's A2 insurance financial strength rating change despite the insurer revealing the price of its initial public offering of ordinary shares.
DLG "transformation" sees shares oversubscribed, says Geddes
Direct Line Group chief executive Paul Geddes has described the 175p share price as "bang on" after trading began on the London Stock Exchange this morning.
DLG trading begins at 175p a share
Direct Line Group shares with an offer price of 175p have begun trading this morning on the London Stock Exchange.
Industry fears homeowner panic as flood agreement expiration approaches
Brokers in high flood-risk areas have accused the Association of British Insurers of failing to "nail its colours to the mast" amid growing concern over the lack of a long-term replacement for the Statement of Principles.
Analysts sceptical over reported success of RBS' Direct Line Group float
Analysts have expressed scepticism at the professed success of the Direct Line Group float, after reports that the insurer’s parent, Royal Bank of Scotland, found buyers for the full 33% of stock available within three days of its initial marketing drive.
Damages uplift is ‘moot’ point for Direct Line Group IPO
Accountancy firm BDO has claimed the Direct Line Group floatation is unlikely to be affected by the Court of Appeal’s decision to stop personal injury claimants, who have entered a conditional fee arrangement before 1 April 2013, qualifying for a 10%…
Post magazine - 11 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
DLG shares attract surge in interest
Stockbrokers have reported a surge in interest in Direct Line Group shares ahead of its flotation tomorrow.
DLG to apply for alternative business structure
Direct Line Group is to make an application to have an alternative business structure later this year in a bid to boost customer choice.
DLG outlook "increasingly difficult", says analyst
The success of the first Direct Line Group float has failed to alleviate concerns over the long-term future of the company, according to Panmure Gordon.
Market moves: Hastings and Compare the Market bolster ranks with directorial appointments
Broker Hastings and BGL-owned aggregator Compare the Market were the busiest recruiters this week, both bringing in new directors.
Reports claim DLG has 'sold' 33% of IPO book
Direct Line Group has found buyers for the full 33% stock stake, just three days into a nine-day marketing drive, sources close to the transaction told Reuters.
Editor's comment: Motor madness drives on
Love it or hate it, the UK private car insurance market grabs all the industry's political airtime outside floods and hurricanes.
DLG to miss out on FTSE 100 listing
Direct Line Group is unlikely to join the FTSE 100 when it lists on the London Stock Exchange this month.
DLG publishes IPO prospectus
Direct Line Group published its prospectus this afternoon for an initial public offering.
OFT decision hit DLG float pricing, say analysts
The referral of the motor market to the Competition Commission has had a direct impact on Direct Line Group's pricing estimations as the company continues plans to float up to 33% of total share capital.
DLG expects £2.7bn value on flotation
Direct Line Group has announced a price range for its planned initial public offering of 160p to 195p per share.
Direct Line Group IPO prospectus could be issued by Friday
Royal Bank of Scotland could sell shares in Direct Line Group at a valuation that is lower than analysts had predicted.
Post Top 100 UK Insurers Supplement: Top 20 Spotlight
A detailed look at the top 20 UK insurance firms, including board members, broker agencies and UK reserves.
Industry divided over advantages of attending party conferences
Insurers remain divided over the merits of attending party conferences as a means of raising the profile of important industry issues in political circles.
Direct Line Group: Divestment dilemma
The Royal Bank of Scotland may have formally announced plans for an initial public offering of Direct Line Group, but it still faces final decisions on the divestment of its insurance arm.
Post magazine - 27 September 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.