Direct Line IPO

RBS’ (LSE:RBS) divestment of it insurance arm, Direct Line Group (LSE:DLG) has officially begun with limited trading in this year’s IPO Derby.  Opening at 175.00, the share price was off and running to 186.80 mark shortly after 1:00 pm.  The 450 million shares were being gobbled up like a horse that hadn’t eaten in a […]

In the much anticipated biggest initial public offering on the London Stock Exchange since Glencore International’s last year, Direct Line Insurance Group, a leading motor and home insurance provider in the United Kingdom, is poised to become one of the largest publicly listed companies when it joins the premium listing. Here is a short timeline […]

The impending IPO of the Direct Line Group may be the biggest buzz around London since the Olympics.  In an attempt to gain some insight about what may really happen, I took a stroll over to 221B Baker Street to visit a friend of mine, a certain Mr. Holmes, who has proven rather proficient at […]

ERM +20 September 16th 1992 not only saw the Banned Blogger in the prime of youth with his mullet flapping in the breeze, it was a day as fortunate for Great Britain as 8th August 1588 when the Spanish Armada was blown away by storms. Indeed, with Spain in the run up to a bailout, […]

British taxpayer-backed Royal Bank of Scotland (LSE:RBS) unveiled its plan to float its insurance business in compliance with its commitment to the European Commission after the bank was rescued for a £45 billion bailout in 2008, the bank said earlier today. Direct Line Group, Britain’s largest motor, personal, home, and commercial insurance business, is to […]