Hastings posts profit and expansion plans despite £20m discount rate hit
Hastings has made a 5% growth in profit despite taking a £20m hit from changes to the Ogden discount rate.
In its full year results, Hastings said operating profits rose from £126.1m in 2015, to £132.1m in 2016. Profits would have been £152.1m, a growth of 21%, had the discount rate remained unchanged.
The
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