Morningstar

Direct Line: Review by FCA a Big Negative; We Lower Fair Value Estimate; Shares Remain Undervalued

After Direct Line announced the appointment of new CEO Adam Winslow a few days ago, it revealed on Sept. 1 that the Financial Conduct Authority is undertaking a review of its past business. This news ...
Forbes

Direct Line Shares Soar 25%+ As Ageas Launches Takeover Bid

Motor insurance giant Direct Line Insurance Group surged on Wednesday as rival Ageas announced a cash-and-stock proposal to buy the FTSE 250 firm. At 204.8p per share, Direct Line’s share price was ...
Morningstar

Direct Line's Competitive Position Is Steadying After Changing Conditions and Operational Headwinds

Direct Line was founded in 1985 by Peter Wood and Martin Long as a personal lines insurance company that operated with a model of direct-only sales. In the early days, the business became synonymous ...
Seeking Alpha

Direct Line: A Tale Of Dividend Cuts And Takeovers

As investments go, Direct Line has been a mixed bag. The shares initially fell more than 50% shortly after I'd bought them, and then rebounded by about 100% following a recent takeover offer from ...
Seeking Alpha

Selling Direct Line After A Bumpy 3-Year Investment

When I invested in Direct Line in 2022, I thought it looked like an attractive turnaround and I still think I was right. This investment was a bumpy ride to nowhere, and it’s one of the main reasons ...