Hasting staff to share windfall

AOL Money Staff

Staff at insurance firm Hastings are set to share a windfall after US banking giant Goldman Sachs agreed to buy a 50% stake in a deal valuing the group at around £700 million.

The company, based in Bexhill, East Sussex, said a "large proportion" of its 1,500-strong workforce held shares alongside management and would be "rewarded for their role in the success of the business to date" after the stake sale.