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Hastings Group Holdings PLC

HSTG.L

Latest Trade

253.00GBp

Change

0.60(+0.24%)

Volume

505,982

Today's Range

252.60

 - 

253.00

52 Week Range

136.50

 - 

256.20

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Hastings Group Holdings HY Adjusted Operating Profit Rises 31%

Aug 5 (Reuters) - Hastings Group Holdings PLC <HSTG.L>::HASTINGS GROUP HLDGS - HALF-YEAR REPORT.H1 ADJUSTED OPERATING PROFIT 78.3 MILLION STG VERSUS 59.7 MILLION STG YEAR AGO.HASTINGS GROUP - HY GROSS WRITTEN PREMIUMS UP 3% TO £514.9M.HASTINGS GROUP - INTERIM DIVIDEND PROPOSED OF 4.5P PER SHARE (30 JUNE 2019: 4.5P PER SHARE).HASTINGS GROUP - HY . MOTOR CLAIMS FREQUENCIES REDUCED FOLLOWING COVID-19 LOCKDOWN RESTRICTIONS..H1 REVENUE ROSE 6 PERCENT TO 392.7 MILLION STG.HASTINGS GROUP - CLAIMS FREQUENCIES HAVE SINCE INCREASED DURING Q2 AND JULY AS RESTRICTIONS HAVE EASED.

RMI And Sampo To Buy Hastings Valuing It At 1.66 Bln Pounds

Aug 5 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::OFFER BY RMI AND SAMPO TO ACQUIRE HASTINGS GROUP HOLDINGS PLC AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT.UNDER TERMS OF OFFER, HASTINGS' SHAREHOLDERS WILL BE ENTITLED TO RECEIVE 250 PENCE IN CASH FOR EACH HASTINGS SHARE HELD.TERMS OF OFFER VALUE HASTINGS' ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL AT APPROXIMATELY £1.66 BILLION.HASTINGS' SHAREHOLDERS WILL BE ENTITLED TO INTERIM DIVIDEND FOR 6-MONTH PERIOD ENDED 30 JUNE OF 4.5 PENCE/HASTINGS SHARE.FOLLOWING COMPLETION OF OFFER, MAIN STREET WILL HOLD A 30 PER CENT SHAREHOLDING IN HASTINGS (THROUGH BIDCO).FOLLOWING COMPLETION OF OFFER, SAMPO WILL HOLD A 70 PER CENT SHAREHOLDING IN HASTINGS.

Hastings Group Bookrunner Says Selling Circa 22M Shares Of Co On Behalf Of Goldman Sachs Group, Merchant Banking Division

July 9 (Reuters) - Block Trade - Hastings Group: Bookrunner Says::SELLING CIRCA 22M SHARES OF CO ON BEHALF OF GOLDMAN SACHS GROUP, MERCHANT BANKING DIVISION.

Hastings Group agrees to terminate agreement with major shareholder

May 13 (Reuters) - Hastings Group Holdings PLC <HSTG.L>::SAYS HAS MUTUALLY AGREED WITH BROAD STREET PRINCIPAL INVESTMENTS INTERNATIONAL LTD AND CERTAIN OTHER AFFILIATES OF GOLDMAN SACHS GROUP INC.SAYS AGREES TO WAIVE AND TERMINATE EACH OTHER'S RESPECTIVE RIGHTS AND OBLIGATIONS UNDER A RELATIONSHIP AGREEMENT ENTERED INTO AT TIME OF COMPANY'S IPO IN OCTOBER 2015.SAYS AS A RESULT OF THIS WAIVER AND TERMINATION, GS SHAREHOLDERS NO LONGER HAVE A RIGHT TO NOMINATE A DIRECTOR FOR APPOINTMENT TO COMPANY'S BOARD.

Hastings Group Names Tom Colraine As Non-Executive Chair

April 24 (Reuters) - Hastings Group Holdings Plc <HSTG.L>::HASTINGS GROUP HLDGS - BOARD CHANGES AND WITHDRAWAL OF AGM RESOLUTION.HASTINGS GROUP HOLDINGS PLC - RECEIVED NOTICE FROM GARY HOFFMAN, NON-EXECUTIVE CHAIR OF COMPANY OF HIS INTENDED RESIGNATION.HASTINGS GROUP HOLDINGS PLC - TOM COLRAINE WILL BECOME NON-EXECUTIVE CHAIR.

Hastings Group Holdings Qtrly Gross Written Premiums At 234.3 Mln Stg

April 15 (Reuters) - Hastings Group Holdings PLC <HSTG.L>::HASTINGS GROUP HOLDINGS PLC - GROSS WRITTEN PREMIUMS STABLE AT £234.3M FOR 3 MONTHS ENDED 31 MARCH 2020.HASTINGS GROUP HOLDINGS PLC - GROSS WRITTEN PREMIUMS STABLE AT £234.3M FOR 3 MONTHS ENDED 31 MARCH 2020..HASTINGS GROUP HOLDINGS PLC - NET REVENUE DOWN SLIGHTLY AT £179.2M FOR 3 MONTHS ENDED 31 MARCH 2020.HASTINGS GROUP HOLDINGS PLC - INCREASES IN PRICES HAVE CONTINUED TO BE OFFSET BY A CHANGE IN RISK MIX OF BUSINESS.HASTINGS GROUP HOLDINGS PLC - LIVE CUSTOMER POLICIES ('LCP') UP 4% YEAR ON YEAR TO 2.87 MILLION AS AT 31 MARCH 2020.HASTINGS GROUP HOLDINGS PLC - LIVE CUSTOMER POLICIES UP 4% YEAR ON YEAR TO 2.87 MILLION AS AT 31 MARCH 2020.HASTINGS GROUP HOLDINGS PLC - UNDERLYING REPAIR COST INFLATION CONTINUES.HASTINGS - MOTOR INSURANCE ACCIDENT FREQUENCIES REDUCED DURING MARCH, WITH THIS TREND EXPECTED TO CONTINUE FOR DURATION OF COVID-19 RESTRICTIONS.HASTINGS GROUP HOLDINGS PLC - ACCIDENT SEVERITIES CONTINUE TO INCREASE AND GROUP IS MONITORING FURTHER INFLATIONARY RISKS.HASTINGS GROUP HOLDINGS PLC - TRADING TRENDS IN LIGHT OF COVID-19 CONTINUE TO BE MONITORED CLOSELY.HASTINGS GROUP HOLDINGS PLC - CAPITAL POSITION, CASH GENERATION AND LIQUIDITY REMAINS STRONG.HASTINGS GROUP HOLDINGS PLC - GROUP HAS NO BUSINESS LINES WITH DIRECT CLAIMS COST EXPOSURE RESULTING FROM COVID-19, FOR EXAMPLE TRAVEL OR BUSINESS INTERRUPTION INSURANCE.HASTINGS GROUP HOLDINGS PLC - QTRLY GROSS WRITTEN PREMIUMS 234.3 MILLION STG VERSUS 235.5 MILLION STG.

Hastings Group Says FY Adjusted Operating Profit Of £109.7 Mln Vs £190.6 Mln in 2018

Feb 27 (Reuters) - Hastings Group Holdings PLC <HSTG.L>::SAYS FY ADJUSTED OPERATING PROFIT OF £109.7M (2018: £190.6M).2020 TRADING HAS STARTED IN LINE WITH EXPECTATIONS.SAYS FY GROSS WRITTEN PREMIUMS STABLE AT £961.6MLN FOR YEAR (2018: £958.3MLN).SAYS PROFIT AFTER TAX FOR YEAR OF £69.7M (2018: £130.6M).SAYS FINAL DIVIDEND PROPOSED FOR 2019 OF 5.5P PER SHARE.SAYS GROWTH IN LIVE CUSTOMER POLICIES IN FY TO 2.85 MILLION, UP 5% FROM LAST YEAR.SAYS CALENDAR YEAR LOSS RATIO BEFORE IMPACT OF OGDEN RATE CHANGE OF 81.6% (2018: 75.0%).2020 TRADING STARTED IN LINE WITH EXPECTATIONS; GROUP TARGETING 75-79% LOSS RATIO ON WRITTEN BUSINESS.

Hastings Gets Notice From Goldman Sachs Of Removal Of Its Appointed Director To Board, Sumit Rajpal

Feb 24 (Reuters) - Hastings Group Holdings <HSTG.L>::RECEIVED NOTICE FROM GOLDMAN SACHS OF REMOVAL OF ITS APPOINTED DIRECTOR TO COMPANY BOARD, SUMIT RAJPAL.RAJPAL WILL RESIGN FROM BOARD WITH EFFECT FROM 24 FEBRUARY 2020.GS DOES NOT, AT THIS TIME, PROPOSE TO NOMINATE A REPLACEMENT DIRECTOR.

Hastings Expects 2019 Profit To Fall; Lowers Dividend

Jan 17 (Reuters) - Hastings Group Holdings PLC <HSTG.L>::HASTINGS GROUP HLDGS - TRADING UPDATE.HASTINGS GROUP HOLDINGS PLC - SEEN ELEVATED CLAIMS COSTS IN Q4.HASTINGS - 2019 CALENDAR YEAR LOSS RATIO, BEFORE IMPACT OF JULY OGDEN RATE CHANGE, IS EXPECTED TO BE IN RANGE OF 81%-82%.HASTINGS GROUP HOLDINGS PLC - 2019 CALENDAR YEAR ADJUSTED OPERATING PROFIT SEEN IN REGION OF £110M.HASTINGS - EXPECTS 2019 TOTAL DIVIDEND TO BE LOWER THAN 2018.HASTINGS - 2020 TRADING HAS STARTED IN LINE WITH EXPECTATIONS.HASTINGS - IN Q4 , THERE WAS INCREASES IN REPAIR & 3RD PARTY CREDIT HIRE COSTS, SLIGHTLY HIGHER WINTER FREQUENCIES THAN PRIOR YEAR.HASTINGS - IN Q4 , THERE WAS ALSO A SMALL NUMBER OF LARGER BODILY INJURY LOSSES.HASTINGS - CONTINUED TO APPLY PRICE INCREASES AHEAD OF MARKET, RESULTING IN LIVE CUSTOMER POLICIES REMAINING BROADLY FLAT OVER H2 2019 AT 2.85 MILLION.HASTINGS GROUP HOLDINGS PLC - MARKET ENVIRONMENT HAS BEEN CHALLENGING, WITH ELEVATED CLAIMS INFLATION IN Q4.

Hastings Group Posts Gross Written Premiums Up 2% For 9 Months

Oct 25 (Reuters) - Hastings Group Holdings PLC <HSTG.L>::HASTINGS GROUP HLDGS - Q3 TRADING UPDATE.HASTINGS GROUP HOLDINGS PLC - GROSS WRITTEN PREMIUMS UP 2% TO £753.1M FOR 9 MONTHS ENDED 30 SEPTEMBER 2019.HASTINGS GROUP - CONTINUES TO INVEST IN ITS FUTURE AND HAS MADE GOOD PROGRESS ON ITS STRATEGIC INITIATIVES INCLUDING PRICING, CLAIMS.HASTINGS GROUP HOLDINGS PLC - LIVE CUSTOMER POLICIES UP 5% YEAR ON YEAR TO 2.84 MILLION AS AT 30 SEPTEMBER 2019.HASTINGS GROUP HOLDINGS PLC - FULL YEAR LOSS RATIO OUTLOOK WILL HOWEVER BE DEPENDENT UPON CLAIMS EXPERIENCE DURING Q4 AND LOSS RATIO.HASTINGS GROUP HOLDINGS PLC - GROUP CONTINUES TO MONITOR CLAIMS TRENDS AND APPLY PRICE INCREASES TO REMAIN WITHIN FULL YEAR 75%-79% TARGET RANGE.HASTINGS GROUP HOLDINGS PLC - NET REVENUE DOWN BY 2% TO £563.8M FOR 9 MONTHS ENDED 30 SEPTEMBER 2019.HASTINGS GROUP HOLDINGS PLC - 9-MONTHS NET REVENUE DOWN DUE TO IMPACT OF LOWER EARNED PREMIUMS AND LOWER REINSURANCE COMMISSIONS.HASTINGS GROUP HOLDINGS PLC - GROUP IS SUPPORTIVE OF INTERIM FCA REPORT ON GENERAL INSURANCE PRICING PRACTICES.HASTINGS - CO'S BUSINESS MODEL, FOCUS ON PRICE COMPARISON DISTRIBUTION SHOULD LEAVE CO WELL POSITIONED TO RESPOND TO FCA'S FINAL RECOMMENDATIONS.HASTINGS - FY LOSS RATIO, BEFORE IMPACT OF OGDEN RATE CHANGE, COULD MOVE SLIGHTLY ABOVE TARGET RANGE IF ELEVATED CLAIMS INFLATION CONTINUES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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