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FTSE 250 movers: Direct Line motors, Sythomer sinks after rights issue
Shares in Direct Line Insurance Group surged on Thursday as the company slapped drivers with a 25% premium hike to improve operating profit next year while it also picked up £520m via the sale of its commercial lines business.
Direct Line shares surge on 25% price hike, commercial lines sale
Shares in Direct Line Insurance Group surged on Thursday as the company slapped drivers with a 25% premium hike to improve operating profit next year while it also picked up £520m via the sale of its commercial lines business.
Europe midday: Shares claw back losses despite EZ GDP revision
European shares pared morning session losses and were flat at midday despite a downward revision of eurozone GDP and weak data from China and Germany, although worries persisted among investors over oil supply.
Europe open: Shares fall on weak Germany, China data; Direct Line surges
European shares were lower at the open as weak data from China and Germany, along with oil supply worries continued to hamper sentiment.
German industrial production falls again in July as struggles continue
German industrial production fell again in July as manufacturing in Europe's largest economy continued its struggles to recover from high inflation and costs.
China exports fall for fourth month in a row
China exports fell for the fourth successive month in August as weak demand and persistent supply chain issues continued to dog the world’s second-largest economy in its efforts to rebound from the impacts of the Covid pandemic.
BAT signs deal to sell Russia, Belarus businesses
British American Tobacco on Thursday said it had finally signed a deal to sell its Russian and Belarusian businesses to a consortium led by local management.