Direct Line ‘turnaround underway’ as insurer returns to profit

direct line phone and mouse

Direct Line Group has returned to profit after shedding almost 488,000 motor customers in the first half of this year.

After reporting a heavy loss before tax of £76.3m for H1 2023, CEO Adam Winslow was able to report an operating profit of £63.7m for the same period this year.

This included a £3m profit in motor, in

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Five charged over collapse of law firm Axiom Ince

The Serious Fraud Office has charged five men, including two solicitors, with offences including fraud, forgery and the destruction of documents, following the collapse of the law firm Axiom Ince and alleged improper use of more than £60m of client money.

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