07:13, Graeme Evans
Aviva has actually gotten to contract over the ₤ 3.7 billion requisition of opponent Direct Line.
The offer worths each Direct Line share at 275p, a 73% costs to its rate prior to proposal rate of interest came to be understood at the end of November.
Aviva president Amanda Blanc stated: “The purchase of Direct Line by Aviva will certainly combine a variety of the UK’s leading brand names in an extra reliable organization, which is effectively placed to produce solid returns for all investors.”
07:05 , Graeme Evans
The FTSE 100 index is set for a steadier performance after Friday’s closing level of 8084 represented the top flight’s worst week in a year.
Futures trading points to a rise of two points at the start of a holiday-shortened week.
Sentiment suffered last week after the Federal Reserve signalled a slower pace of interest rate cuts in 2025.
Wall Street recovered in Friday’s session, with the Dow Jones Industrial Average up 1.2% and the S&P 500 index 1.1% higher.
The extra pound stood at $1.257 today
