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Saga in the spotlight as over-50s operator is set to update on coronavirus impact

Last updated: 05:00 02 Apr 2020 BST, First published: 12:58 01 Apr 2020 BST

Saga Group - Saga in the spotlight as over-50s specialist is set to update on coronavirus impact

Whilst predicting the corporate release schedule is yielding similar levels of reliability as astrology, rune reading or divination might - the stock market can on Thursday expect an update from Saga Group Plc (LON:SAGA).

The over-50s specialist was due to release its final results statement for 2019, though investors can now await a snapshot of pre-coronavirus trading plus perhaps grim outlook commentary.

The firm, which specialises in products and services for people aged 50 and over, is set to get a hard coronavirus hit considering its focus in the travel sector.

Analysts expect Saga to announce a series of cost-saving measures. 

Peel Hunt anticipates Saga will also announce more divestments, though last month it delayed the sale of its tour operator arm due to market volatility, to support the cruise business going forward.

That market-leading cruise operator Carnival this week launched an eyewatering US$6bn funding drive, to underpin its capital position, shows the amount of uncertainty and turmoil that the industry is facing.

Thursday 2 April:

Finals: Saga PLC (LON:SAGA), Epwin Group PLC (LON:EPWN), Hunters Property PLC (LON:HUNT), The Pebble Group PLC (LON:PEBB), Next Fifteen Communications Group PLC (LON:NFC)

Interims: Tracsis PLC (LON:TRCS)

FTSE 100 ex-dividends to knock 3.9 points off the index: Smith & Nephew PLC (LON:SN.), Mondi PLC (LON:MNDI), Melrose Industries PLC (LON:MRO), Phoenix Group Holdings PLC (LON:PHNX), Standard Life Aberdeen PLC (LON:SLA),

Economic data: UK construction PMI, US jobless claims

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