FTSE 250 Climbs Amid Insurance Sector Drama and Business Tensions ...Middle East

The UK's FTSE 250, a bellwether for the domestic economy, posted gains on Thursday thanks to key developments in the insurance sector. Direct Line boosted the sector significantly by rejecting Aviva's $4.16 billion takeover offer, causing its shares to jump by 41% while Aviva's shares dropped 2.3%.

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