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Direct Line shares are worth holding, said the Sunday Times' Inside the City column ahead of Tuesday's annual results for the insurer. Full year profits are forecast to have reversed moderately, but things look better going forward, with a new online marketing campaign launched last week with 20-something online blogger Alfie Deyes.
Sterling will fall to $1. 28 by the end of 2016, its lowest level against the US dollar in three decades, currency strategists have cautioned. If Britain votes to leave the European Union the fall will be even worse, the Sunday Telegraph reported that Deutsche Bank analysts saw a fall to $1. 15 on the cards, as these jitters are exacerbated by an emerging market slowdown and a UK dividend recession.
