Hastings agrees to £1.6bn takeover by consortium as profits rise
5th Aug 2020 07:53
(Sharecast News) - Hastings on Wednesday said it had agreed terms on a £1.6bn takeover by a consortium led by Finnish insurer Sampo and its biggest shareholder, Rand Merchant Investment Holdings.
Read moreHastings 'an attractive proposition' for Sampo, says Berenberg
30th Jul 2020 10:04
(Sharecast News) - Insurer Hastings was on the rise for the second day running after confirming late on Wednesday that it had been approached by a consortium led by Finnish insurer Sampo and its biggest shareholder, Rand Merchant Investment Holdings, about a possible cash offer.
Read moreHastings confirms takeover approach from consortium led by Sampo, RMI
29th Jul 2020 16:02
(Sharecast News) - Hastings confirmed on Wednesday that it has been approached by a consortium led by Finnish insurer Sampo and its biggest shareholder, Rand Merchant Investment Holdings, about a possible cash offer.
Read moreHastings slumps as Goldman Sachs places 22m shares
10th Jul 2020 09:29
(Sharecast News) - Hastings was under the cosh on Friday after Goldman Sachs placed 22 million shares in the insurer.
Read moreFriday broker round-up
29th May 2020 13:18
(Sharecast News) - Admiral Group: Barclays downgrades to equal weight with a target price of 2,304p.
Read moreHastings chairman Gary Hoffman to leave in May
24th Apr 2020 08:15
(Sharecast News) - Hastings Group is looking for a new chairman after Gary Hoffman told the company he would quit in May.
Read moreHastings to pay reduced dividend despite Covid-19
15th Apr 2020 07:03
(Sharecast News) - Insurance group Hastings said it still planned to pay a reduced final dividend of 5.5p despite the coronavirus pandemic and a warning from regulators over payouts during the crisis.
Read moreJP Morgan upgrades Direct Line Group and Admiral
9th Mar 2020 13:12
(Sharecast News) - Analysts at JP Morgan upgraded their recommendations for UK auto insurers Admiral and Direct Line in anticipation of continued discipline on the part of both firms on margins.
Read moreHastings slashes dividend after plunge in profits
27th Feb 2020 11:00
(Sharecast News) - Hastings Group said gross written premiums remained "stable" at £961.6m in 2019 in its preliminary results on Thursday, while underlying average premiums were up 5%, with the increase in prices being offset by a change in the risk mix of business.
Read moreMorgan Stanley ups Hastings to 'overweight'
7th Feb 2020 09:57
(Sharecast News) - Morgan Stanley bumped up its rating on insurer Hastings on Friday as it took a look at the UK motor insurance market.
Read moreHastings warns over claims inflation
25th Oct 2019 09:04
(Sharecast News) - Hastings Group warned over claims inflation on Friday as it said gross written premiums ticked higher in the first nine months of the year.
Read moreFTSE 250 movers: Riverstone falls, Qinetiq climbs
2nd Oct 2019 14:19
(Sharecast News) - London's FTSE 250 was down 1.27% at 19,620.45 in afternoon trade on Wednesday, with Riverstone Energy leading the index lower.
Read moreFriday broker round-up
28th Jun 2019 15:11
(Sharecast News) - QinetiQ: Credit Suisse downgrades to neutral with a target price of 325p.
Read moreMonday broker round-up
29th Apr 2019 13:25
(Sharecast News) - HomeServe: HSBC downgrades to reduce with a target price of 1,000p.
Read moreHastings suggest better FY loss ratio as Q1 net income slips
26th Apr 2019 07:33
(Sharecast News) - Insurance company Hastings said its loss ratio could move towards the higher end of its target range as first quarter revenue slipped 1% on lower premium and reinsurance income.
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