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Direct Line
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About Direct Line
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Websitedirectline.com
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Compare Direct Line with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | - based on 0 reviews | 3.7/5 based on 84.9k reviews | 3.7/5 based on 50.5k reviews | 3.9/5 based on 53.1k reviews |
Highly Rated for | - | Job Security Work-Life balance | Job Security | Skill development Job Security Company culture |
Critically Rated for | - | Promotion/Appraisals Salary & Benefits Work Satisfaction | Promotion/Appraisals Salary & Benefits | Promotion/Appraisals |
Primary Work Policy | - | Work from office 80% employees reported | Hybrid 61% employees reported | Hybrid 72% employees reported |
Rating by Women Employees | - no rating available | 3.8 Good rated by 24.5k women | 3.8 Good rated by 14.4k women | 3.9 Good rated by 19.8k women |
Rating by Men Employees | - no rating available | 3.7 Good rated by 55.2k men | 3.7 Good rated by 33.6k men | 3.9 Good rated by 30.7k men |
Job Security | - Data not available | 4.6 Excellent | 3.8 Good | 3.8 Good |
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Direct Line Salaries
Web Designer
(3 salaries)
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₹1.1 L/yr - ₹2 L/yr
UI UX Developer
(1 salaries)
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₹3.9 L/yr - ₹5 L/yr
Travel Executive
(1 salaries)
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₹3.6 L/yr - ₹4.6 L/yr
Client Relationship Manager
(1 salaries)
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₹1.4 L/yr - ₹1.7 L/yr
Wordpress Developer
(1 salaries)
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₹2.9 L/yr - ₹3.7 L/yr
Senior Product Manager
(1 salaries)
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₹27 L/yr - ₹34.5 L/yr
Assistant Client Relationship Manager
(1 salaries)
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₹3.2 L/yr - ₹4.1 L/yr
Front end Developer
(1 salaries)
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₹4.1 L/yr - ₹5.2 L/yr
Heavy Truck Driver
(1 salaries)
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₹3.2 L/yr - ₹4.1 L/yr
Direct Line News
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Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk
- Insurer Aviva has agreed to acquire Direct Line in a £3.7bn deal.
- The acquisition is expected to result in up to 2,300 job cuts and £125m in cost savings.
- Aviva will offer £2.75 in cash and shares for each Direct Line share.
- Aviva aims to sweeten the deal for shareholders by increasing planned dividends.
Guardian | 23 Dec, 2024
Direct Line accepts £3.6bn takeover after rival insurer Aviva raises bid
- Direct Line has accepted an improved offer from Aviva, valuing the business at £3.6bn.
- Aviva raised its bid to 275p a share, after its previous offers were rejected.
- Direct Line's board is inclined to recommend the formal offer to shareholders.
- A potential takeover would create a dominant group in the motor insurance market.
Guardian | 6 Dec, 2024
Aviva agrees £3.6bn deal to buy Direct Line; new bid to buy Thames Water – business live
- The average price of a house in the UK has hit a record high of £298,083 in November.
- This marks the fifth successive month of increases in property values.
- Improving levels of demand for mortgages are driven by easing mortgage rates.
- Positive employment figures and anticipated decreases in interest rates are expected to support further house price growth.
Guardian | 6 Dec, 2024
Boss of takeover target Direct Line wants time to turn around insurer
- The CEO of Direct Line, Adam Winslow, is requesting more time to turnaround the struggling insurer amidst the unsolicited £3.3bn offer from Aviva.
- Direct Line's management team, including Winslow and other former Aviva colleagues, believes they are making good progress in the early stages of a significant turnaround and prefer to pursue a standalone strategy.
- Direct Line rejected Aviva's non-binding proposal, considering it highly opportunistic and substantially undervaluing the company.
- Aviva is attempting to gain support from Direct Line shareholders for its takeover bid, with speculation of a potential increase in the offer.
Guardian | 1 Dec, 2024
The market is not sentimental. Direct Line’s days of independence look numbered | Nils Pratley
- Aviva has made a £3.3bn offer for Direct Line, indicating the start of a negotiation.
- Direct Line's rejection of the offer was justified, but Aviva is seen as a more formidable predator.
- Direct Line shareholders are being offered a near-60% takeover premium, which is attractive in the insurance market.
- There may be a competition inquiry, but the reduction in competitive forces may not be significant.
Guardian | 29 Nov, 2024
Shares in Direct Line soar after insurer rejects £3.3bn bid from Aviva
- Direct Line shares surge over 40% after rejecting Aviva's £3.3bn bid.
- This is the third bid rejected by Direct Line this year.
- Direct Line believes the offer substantially undervalues the company.
- Speculation arises that a higher offer may be forthcoming.
Guardian | 28 Nov, 2024
Direct Line rejects Aviva takeover offer of £3.3bn
- Direct Line has rejected a £3.3bn takeover offer from Aviva.
- Aviva offered 250p a share, but Direct Line declined to engage further.
- Aviva believes the acquisition would accelerate growth and create efficiencies.
- Direct Line considers the proposal undervalued and stands behind its strategy.
Guardian | 28 Nov, 2024
Direct Line to axe about 550 jobs as part of £50m cost-cutting drive
- Direct Line, the insurance company, plans to cut about 550 jobs as part of a cost-cutting drive.
- The job cuts represent around 6% of the company's total workforce of 9,000.
- The move is part of a drive to save £50m next year.
- Direct Line did not provide details on the roles that will be affected, but some will include unfilled vacancies.
Guardian | 11 Nov, 2024
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