May 03, 2013 at 02:50 AM EDT
Direct Line Eyes Cost Cuts As Operating Profit Rises 33%
Direct Line Insurance Group PLC (DLG.LN), which is majority-owned by the Royal Bank of Scotland Group PLC (RBS), on Friday posted a 33% rise in first quarter operating profit and said it will keep cutting costs as the U.K. general insurance market remains competitive this year.
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