Direct Line flotation price range: 160p - 195p

State-owned lender Royal Bank of Scotland (RBS) revealed that the flotation of its insurance arm, Direct Line Group, will be priced somewhere between 160p and 195p per share.

State-owned lender Royal Bank of Scotland (RBS) revealed that the flotation of its insurance arm, Direct Line Group, will be priced somewhere between 160p and 195p per share.

The announcement came on the day the Office of Fair Trading called on the Competition Commission to look into the UK car insurance market to see whether insurance companies are doing right by motorists.

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