Direct Line beats profits forecasts with maiden results

Direct Line Group, the insurance company which floated in London back in October, managed to beat consensus expectations with its maiden set of full-year results, causing shares to edge higher on Thursday.

Direct Line Group, the insurance company which floated in London back in October, managed to beat consensus expectations with its maiden set of full-year results, causing shares to edge higher on Thursday.

The insurer, spun out of UK lender Royal Bank of Scotland (RBS) last year, proposed a final dividend of 8.0p per share, but said that it will aim to raise the dividend in 2013. Analysts had forecast a payout of 7.8p per share.

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