Direct Line 'a popular investment'

Shares in insurer Direct Line have risen 5% in limited trading after Royal Bank of Scotland (RBS) floated the firm on the London Stock Exchange.

RBS sold 30% of the company for £787m or 175 pence a share, valuing the whole company at £2.63bn.

Catherine Barton, a partner in accountants Ernst & Young's insurance team, told the BBC that it is an investment that "people can actually relate to".