Saga: Cruise demand drives double-digit profit increase Business Saga, the financial services and travel provider for over-50s, has reported profit ahead of market expectations, driven by demand for cruises. The company told markets this morning that underlying profit before tax for the year ended January 31 was £47.8m, up 25 per cent year on year. Revenue for the year was £588.3m, up four [...]
Saga hikes profit expectations following Ageas deal Business Saga, the financial services and travel provider for over-50s, has said it expects to report an underlying profit before tax above previous guidance. In a trading update, the firm said it expected underlying profit before tax for the last six months of 2024 to come in marginally higher than the year before. Saga’s travel arm [...]
Ageas to acquire part of Saga’s insurance business in 20-year deal insurance Saga, the financial services and travel provider for over-50s, has begun a 20-year partnership for motor and home insurance with Belgian insurance giant Ageas. Ageas’ UK arm will take over Saga’s price-comparison website, pricing, claims and customer service activities, while Saga will hold onto brand and direct marketing. Under the terms of the deal, Saga [...]
Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid October 6, 2024 Belgian insurance giant Ageas is open to making further takeover bids for British companies after a failed attempt to snap up Direct Line earlier this year.
Saga in talks with Belgium’s Ageas over insurance deal October 2, 2024 Saga, the British financial services and travel provider for over-50s, has said that it is in talks with Ageas for a deal involving its insurance arm as it looks to reduce debt.
Saga sees strong travel demand but insurance headwinds remain June 25, 2024 Travel bookings are also ahead of the prior year, with booked revenue 14 per cent up, on a higher number of passengers.
Saga cruises back to growth as over 50s return to the high seas April 17, 2024 Saga's ocean cruising business roared back to life with underlying profit before tax hitting £35.5m, compared to an underlying loss after tax of £0.7m in the previous year.
AG Barr: Former cruise chief takes the reins at UK fizzy drinks giant February 1, 2024 The former chief of over 50 insurance provider Saga has been appointed as the boss of AG Barr, the drinks giant behind the production of Irn Bru.
Saga surges towards profit in ‘stronger than expected’ six months January 30, 2024 Over 50s specialist Saga reported a “stronger than expected” six months this morning after announcing last week that it was looking to sell a stake in its cruise business to cover its debts. In a trading update, Saga revealed that over the last six months, revenues increased by between 10 to 15 per cent, while [...]
Silver-haired specialist Saga scope out sale of stake in cruise business January 26, 2024 Over 50s specialist Saga is mulling the sale of its cruise and operation to “optimise” the division as it struggles under a hefty pile of debt.