Europe markets mixed; French stocks gain despite political upheaval

index was the only major bourse to see gains on Friday morning, adding around 0.26% by 8:15 a.m. London time.gave a defiant speech

Direct Line's board on Friday said it would recommend a formal takeover offer from Aviva to shareholders, after the latter increased its bid for the company by 10%. The new offer values Direct Line at 275 British pence per share, representing a more-than 73% premium to the closing price on Nov. 27 — the day before news of the initial bid became public. It represents a 10% increase from Aviva's initial offer of 250 pence per share in November,"Direct Line shareholders would own approximately 12.5% of the issued and to be issued share capital of Aviva," the companies said in a statement.

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