Company News 

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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now