Well it has been another scary day on the stock market with most of not all financial institutions taking a huge hit on share value. One of the hardest hit was the RBS or Royal bank Of Scotland that owns both Direct Line and Green Flag Breakdown Cover brands.
It was reported that at one point the Green flag breakdown cover owner lost 39% of its share value today, which of course has many people very jittery.
The breakdown cover arm of its organisation is just a drop in the ocean compared to the other banks and insurance companies the Royal Bank Of Scotland owns, in fact it was reported today, the reason why many had not pulled their finds of their bank, is because they do not know that Royal Bank Of Scotland owns that particular bank.
Of course here, we are only interested in breakdown cover and there is no doubt that over the last month or so, sales form our site has dropped, even though traffic has remained steady. A decision by the Chancellor about our economy will be made tonight for tomorrow morning, and as many look to their savings and investments, we will be looking to see how the breakdown cover owner is doing for their cash flow and will it affect jobs or even the ownership of the Green Flag breakdown cover brand.
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