Analysts sceptical over reported success of RBS' Direct Line Group float
Analysts have expressed scepticism at the professed success of the Direct Line Group float, after reports that the insurer’s parent, Royal Bank of Scotland, found buyers for the full 33% of stock available within three days of its initial marketing drive.
In response to the claims that DLG had successfully attracted investors based on the price range set in its sale prospectus, Panmure Gordon analyst Barrie Cornes said: "It has found buyers within its
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