Full Year Results 

Saga recovery shows early promise

Saga recovery shows early promise

It’s little wonder that these full-year figures from Saga (SAGA) inspired a relief rally that lifted the shares as much as 8 per cent on results day. Cash generation remained robust, helping reduce leverage to 1.7 times cash profits, from 1.9 times the prior year. What’s more, early results of the additional £10m in annual marketing spend are encouraging, with a 14 per cent increase in new retail broking business during the first two months of this year.

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