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United Kingdom

Saga PLC (SAGAG.L)

SAGAG.L on London Stock Exchange

41.72GBp
16 Aug 2019
Change (% chg)

0.70 (+1.71%)
Prev Close
41.02
Open
40.50
Day's High
42.22
Day's Low
40.50
Volume
3,186,306
Avg. Vol
6,487,986
52-wk High
141.20
52-wk Low
31.78

Latest Key Developments (Source: Significant Developments)

Elliot Capital Advisors Discloses 5.141 Pct Stake In Saga Plc
Wednesday, 17 Jul 2019 

July 17 (Reuters) - :ELLIOT CAPITAL ADVISORS DISCLOSES 5.141% STAKE IN SAGA PLC - FILING.  Full Article

Saga Says Dialogue With Shareholders Regarding LTIP Extended
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Saga PLC ::SAGA PLC - DECIDED TO EXTEND PROCESS TO ENABLE DIALOGUE BETWEEN COMMITTEE AND SHAREHOLDERS TO CONTINUE REGARDING LTIP.SAGA PLC - FINAL OUTCOME OF CONSULTATION WILL BE PUBLISHED ON COMPANY'S WEBSITE IN ADVANCE OF ANY LTIP AWARDS BEING MADE IN 2019.SAGA PLC - NO LTIP WILL BE AWARDED TO LANCE BATCHELOR FOR CURRENT FINANCIAL YEAR ENDED 31 JANUARY 2020.SAGA PLC - JAMES QUIN, APPOINTED CFO ON 1 JANUARY 2019, IS CURRENTLY ONLY EXECUTIVE DIRECTOR ELIGIBLE FOR AN LTIP AWARD IN CURRENT YEAR.  Full Article

Saga CEO Lance Batchelor to step down in January 2020
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Saga PLC ::DIRECTORATE CHANGE.LANCE BATCHELOR, GROUP CHIEF EXECUTIVE OFFICER, WILL RETIRE.A PROCESS HAS STARTED TO RECRUIT HIS SUCCESSOR.SAGA PLC ANNOUNCES THAT LANCE BATCHELOR, GROUP CHIEF EXECUTIVE OFFICER, WILL RETIRE AT END OF CURRENT FINANCIAL YEAR IN JANUARY 2020.SAYS A PROCESS HAS STARTED TO RECRUIT BATCHELOR SUCCESSOR..  Full Article

Saga Announces Savings Partnership With Marcus By Goldman Sachs
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Saga PLC ::SAVINGS PARTNERSHIP WITH MARCUS BY GOLDMAN SACHS.SAGA PLC ANNOUNCES SAVINGS PARTNERSHIP WITH MARCUS BY GOLDMAN SACHS.SAGA PLC - SAGA AND MARCUS WILL LAUNCH NEW PRODUCTS TOGETHER FROM AUTUMN 2019.  Full Article

Saga Plc FY Underlying Pretax Profit Of 180.3 Mln Stg
Thursday, 4 Apr 2019 

April 4 (Reuters) - Saga PLC ::PRELIMINARY RESULTS.UNDERLYING PROFIT BEFORE TAX FOR 2018/19 FINANCIAL YEAR IS IN LINE WITH OUR EXPECTATIONS.FY UNDERLYING PROFIT BEFORE TAX £180.3M VERSUS £190.6M.LONG-TERM CHALLENGES WE FACE AND RESULTS DEMONSTRATE THAT SAGA CANNOT GROW WITHOUT A CLEARLY DIFFERENTIATED OFFERING TO ITS CUSTOMERS- CEO.LAUNCHING A FUNDAMENTAL CHANGE TO GROUP'S STRATEGY- CEO.FY LOSS BEFORE TAX FROM CONTINUING OPERATIONS £134.6M VERSUS PROFIT OF £180.9M.ANNOUNCING LAUNCH OF A NEW APPROACH TO INSURANCE.UNDERLYING PROFIT BEFORE TAX FOR 2019/20 FINANCIAL YEAR IS EXPECTED TO BE BETWEEN £105M-120M.LOWER MARGINS IN INSURANCE, A CHANGE IN APPROACH TO RENEWAL PRICING, LOWER RESERVE RELEASES AND INVESTMENT IN NEW PRODUCTS.HAVE TAKEN DIFFICULT DECISION TO REDUCE OUR FINAL DIVIDEND AND WRITE DOWN GOODWILL.FY REVENUE 841.5 MILLION STG VERSUS 860.2 MILLION STG.  Full Article

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

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Activist hedge fund Elliott trims stake in UK's Whitbread

Activist investor Elliott Capital Advisors has trimmed its stake in Premier Inn owner Whitbread to below 5%, a filing http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190719:nRSS1308Ga on Friday showed.