Skip to content

Three Quick Facts: Barclays, Hastings Group and ITM Power

*

Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

Barclays

Barclays LON:BARC has published its Q3 results this morning, showing pre-tax profits of £4.9 billion for the year to date, down from £5.3 billion . However as was seen earlier in the week from peer RBS, the impact of late PPI claims has taken a toll. The bank was left to put £1.4 billion aside here over the last nine months, up from £400m for the same period last year.

Hastings Group

Insurers Hastings [LON:HSTG] have published a Q3 update today, too. Gross premiums are up by 2% but premium inflation is lagging that of claims. There has been a 5% increase in the number of policies written and share of the UK private car insurance market is up by 0.3% so this all looks meaningful enough, although any changes mandated by the FCA in terms of insurance pricing practices will need to be scrutinised when they arrive.

ITM Power

A note from small cap ITM LON:ITM, who have today announced the opening of a hydrogen fuelling station at the Shell services, Gatwick airport. The hydrogen is produced on-site from renewable energy and water, so there’s no need for deliveries. And unlike battery recharging, hydrogen fuelling can be completed in a matter of minutes. This is the company’s 8th such refuelling point in the country – there’s still a long way to go, but it’s a concept that seems worth noting.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone

TMX
WisdomTree
IG
FxPro
Back To Top