Edition:
United Kingdom

Saga PLC (SAGAG.L)

SAGAG.L on London Stock Exchange

112.10GBp
22 Mar 2019
Change (% chg)

-1.70 (-1.49%)
Prev Close
113.80
Open
114.50
Day's High
114.50
Day's Low
111.80
Volume
1,207,339
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2,677,231
52-wk High
141.20
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98.15

Latest Key Developments (Source: Significant Developments)

British Insurance And Travel Specialist Saga Exploring Sale Of Two Of Its Leisure Brands - Sky News
Monday, 11 Mar 2019 

March 11 (Reuters) - :BRITISH INSURANCE AND TRAVEL SPECIALIST SAGA EXPLORING SALE OF TWO OF ITS LEISURE BRANDS, TITAN TRAVEL AND DESTINOLOGY‎ - SKY NEWS.  Full Article

Saga Says HY Profit Before Tax Up 3.2 Pct
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Saga PLC ::HY PROFIT BEFORE TAX OF £109.0M UP 3.2%.HY UNDERLYING PROFIT BEFORE TAX 3.7% LOWER AT £106.8M.HY REVENUE DECREASED BY 1.7% TO £430.6M (H1 2017: £438.0M).INTERIM DIVIDEND OF 3.0P PER SHARE.STARTING TO SEE BENEFITS FROM OVERHAUL OF SYSTEMS AND DECISION TO MAKE NECESSARY INVESTMENTS IN NEW CUSTOMER ACQUISITION.GROUP HAS TRADED IN LINE WITH OUR EXPECTATIONS FOR FIRST SIX MONTHS OF YEAR.FOR SECOND HALF, RETAIL BROKING BUSINESS EXPECTED TO BE ADVERSELY IMPACTED.FOR H2, AICL'S STABLE PERFORMANCE IS EXPECTED TO CONTINUE, ALBEIT WITH A SMALL REDUCTION IN INVESTMENT RETURNS.  Full Article

Saga Plc Says Traded In Line With Expectations For First Four Months Of Year
Thursday, 21 Jun 2018 

June 21 (Reuters) - Saga PLC ::TRADED IN LINE WITH OUR EXPECTATIONS FOR FIRST FOUR MONTHS OF YEAR.TOUR BOOKINGS FOR 2019/20 DEPARTURES ARE FLAT YEAR ON YEAR WITH RECENT POSITIVE MOMENTUM.  Full Article

Saga Plc Says Robin Shaw Appointed To New Role Of CEO Of Saga Travel
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Saga Plc ::GROUP EXECUTIVE CHANGES.ROBIN SHAW HAS BEEN APPOINTED TO NEW ROLE OF CEO OF SAGA TRAVEL.FOLLOWING A RESTRUCTURE OF OUR TRAVEL BUSINESS WE ARE COMBINING TOUR OPERATIONS AND CRUISE ROLES.JEANNETTE LINFOOT, MD OF OUR TOUR OPERATIONS, LEFT BUSINESS AT END OF DECEMBER.GARY DUGGAN HAS TAKEN OVER FROM ROGER RAMSDEN AS CEO OF SAGA SERVICES, OUR RETAIL BROKER.  Full Article

Saga Says Expects FY 2018 Underlying PBT Growth Between 1% And 2%
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Saga Plc ::GROUP'S GROWTH IN UNDERLYING PBT 1 IS EXPECTED TO BE BETWEEN 1% AND 2% FOR YEAR ENDED 31 JANUARY 2018."SEEN CHALLENGING TRADING IN INSURANCE BROKING DURING PERIOD AND MONARCH AIRLINES ADMINISTRATION, WHICH HAS AFFECTED OUR TOUR OPERATIONS".FY WRITTEN PROFIT OF OUR RETAIL BROKING BUSINESS IS EXPECTED TO BE AHEAD YEAR ON YEAR, WITH A STRONG PERFORMANCE IN MOTOR.WE NOW EXPECT RESERVE RELEASES TO BE AT A SIMILAR LEVEL TO PREVIOUS YEAR.TOUR OPERATIONS BUSINESS HAS BEEN IMPACTED BY COLLAPSE OF MONARCH AIRLINES WITH AN APPROXIMATE ONE-OFF COST OF £2 MILLION.WILL REALISE APPROXIMATELY £10 MILLION OF ANNUALISED SAVINGS NEXT YEAR.EXPECT TO INCUR A ONE-OFF COST OF CIRCA £4 MILLION RELATING TO THESE CHANGES, EXCLUDED FROM UNDERLYING PBT.  Full Article

Saga ‍Chairman announces intention to retire
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Saga Plc ::‍SAGA CHAIRMAN ANNOUNCES INTENTION TO RETIRE AND BOARD LAUNCHES SEARCH FOR SUCCESSOR​.‍CHAIRMAN ANDREW GOODSELL HAS NOTIFIED BOARD OF SAGA PLC THAT HE INTENDS TO RETIRE FROM COMPANY DURING 2018​.‍SENIOR INDEPENDENT DIRECTOR, ORNA NICHIONNA, WILL INITIATE A PROCESS TO APPOINT HIS SUCCESSOR AS CHAIRMAN WITH IMMEDIATE EFFECT​.  Full Article

PRESS DIGEST- British Business - March 12

March 12 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.