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Saga's trouble spreads to travel

Saga's trouble spreads to travel

Just two months since Saga (SAGA) warned on profits, citing low margins in its insurance business, management has spooked investors again by reporting a “very competitive” travel market. The latest announcement, released ahead of its annual meeting, did not make changes to expectations for the full year, but wiped a tenth off the over-50s travel and insurance specialist's market value.

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