Direct Line accepted Aviva's £3.6bn takeover offer, facing potential regulatory scrutiny.

Direct Line accepted a higher takeover offer from Aviva, valuing the company at £3.6bn. This deal faces potential regulatory scrutiny due to the combined market share. Meanwhile, Halifax reported record UK house prices at £298,083, a 4.8% yearly increase. Berkeley Group saw a 7.7% drop in half-year pre-tax profit but launched a new strategy to improve capital flexibility. London stocks are expected to slightly decline ahead of the US non-farm payrolls report.

4 months ago
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