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Direct Line boss steps down
The chief executive of Direct Line Insurance Group has stepped down, just two weeks after the insurer scrapped its dividend and sent the stock plummeting.
London pre-open: Stocks to rise on positive US cues
London stocks were set to rise at the open on Friday following a positive close on Wall Street on the back of better-than-expected GDP data.
Friday newspaper round-up: Wise, Royal Mail, Shell
One of the UK’s fintech darlings, Wise, could face a regulatory investigation after a rival startup accused the money transfer firm of stifling competition. London-headquartered Atlantic Money has written to the Competition and Markets Authority (CMA) to raise concerns over potential conflicts of interest and anti-competitive behaviour after Wise blocked the firm from a swathe of its own price comparison sites. – Guardian.
US close: Stocks end higher as GDP data keep hopes of soft landing alive
Wall Street's main market indices put in solid gains on Thursday following the release of a raft of data that many economists said kept the hopes of a soft landing alive.