Hastings winning the battle

Insurance firm Hastings Group Holdings Plc has reported a 22.1% jump in first-half adjusted operating profit.

This follows a surge in the price of motor insurance premiums. Gross written premiums rose 28% to £462m pounds during the period.

The company said adjusted operating profit rose to £86.5m for the six months ended 30 June from £70.8m a year earlier.