Changing horses: Paddy Power Betfair poaches new CFO from Saga
The FTSE 100-listed bookmaker said Jonathan Hill will replace outgoing CFO Alex Gersh, who announced his intentions to step down in early March
Company
Saga PLC
LON:SAGA
Saga Group plc is a British company focused on serving the needs of those aged 50 and over. It has 2.7 million customers. Saga Holidays provides package holidays and tours across the globe. It owns and operates the cruise ships MS Saga Pearl and MS Saga Sapphire and also owns and operates the Bel Jou Hotel in St Lucia, as well as Titan Travel.Saga Services provides a wide range of Insurance products - Motor, Home, Travel, Caravan, Commercial Van, Pet, Private Medical, Life Insurance, Motorhome and legal services.Saga Personal Finance provides savings accounts, credit cards, travel money, financial advice, equity release, share dealing, annuities, life assurance & long term care funding advice.Allied Healthcare is a sister company providing domiciliary care nationwide.
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Saga appoints Old Mutual’s O’Sullivan as new chairman
In a separate statement, Old Mutual said that O’Sullivan will continue in his role as the group’s chairman until its management separation process has been concluded
Saga restructures travel unit in wake of December warning over Monarch Airlines collapse
The FTSE 250-listed firm said that Robin Shaw, previously CEO of Saga Cruises , has been appointed CEO of Saga Travel, heading both the tour and cruise operations
Saga shares fall as RBC downgrades stock and sees 'little earnings growth' until 2021
RBC cut its rating on the stock to ‘sector perform’ from ‘outperform’
FTSE 100 closes in positive territory but off session highs
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Goldman Sachs cuts rating for Saga Group to ‘neutral’ from ‘buy’ after recent profit warning
Goldman’s analysts said they believe the fall in Saga’s profit guidance is “primarily the result of structural rather than cyclical factors”, and therefore they expect the firm to “face ongoing challenges”
Saga shares plunge after profit warning raises questions of trust for over-50's insurance and travel group
Saga’s shares had plunged by 23% in value in afternoon trading - a 41.9p drop to 139.4p - after the FTSE 250 listed firm said it now expects its full year growth in underlying profit before tax to be in the region of 1-2%, compared to the 5
Tricorn Group encouraged by pipeline of new opportunties
As one might expect of a manufacturer and specialist manipulator of pipe and tubing assemblies it is all about the pipeline
Saga warns of more “challenging trading” in insurance broking, Monarch collapse impact on travel
In a trading update, the over-50’s travel and insurance specialist said it expected its full-year underlying pre-tax profit to grow by just 1%-2%
FTSE 100 closes in positive territory, bolstered by weak pound
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.
Long-serving Saga chairman to step down next year
Andrew Goodsell intends to have handed over the reins to his successor by next May after 26 years with the insurer
Saga goes down VIP route to stem high-spender decline
Possibilities, new VIP membership scheme, gives it a ‘more powerful toolkit’ to reward high spenders and grow their number
FTSE 100 enjoys afternoon boost from May's speech
London's FTSE 100 strengthened on Friday afternoon following Theresa May's speech in Florence.
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Theresa in Florence: Key Brexit speech from UK prime minister eyed on Friday
Day ahead includes keynote speech in Florence on Brexit from UK prime minister Theresa May, plus updates from Smiths Group PLC and Saga PLC
Over-50's specialist Saga says core insurance, travel businesses continued good start to the year
Saga’s chief executive officer, Lance Batchelor, said: “We remain on track to deliver on our strategic objectives, including the launch of our membership scheme, Saga Possibilities, which will go live later this year."
FTSE 100 closes higher on historic Brexit trigger day
Donald Tusk, the president of the European Council, will publish a short statement acknowledging that Article 50 has been triggered