Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid insurance 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 insurance 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 Business 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.
Saga picks former Co-op exec as new chief in bid to turn fortunes around November 28, 2023 Over-50s specialist insurer Saga has announced that chief financial officer Mike Hazell will replace Euan Sutherland as chief executive effective immediately. Hazell was CFO at The Co-op Group before joining Saga in October and had previously been with Debenhams for almost 12 years. Mark Watkins will replace Hazell as CFO So-called claims inflation of around [...]
Saga U-turn on selling underwriting business as insurance division hit by hikes September 27, 2023 The over-50s specialist Saga has walked back plans to offload its underwriting business due to unfavourable market conditions
FTSE 100 close: London’s premier index falls as strong performance for miners not enough to tip market into green April 4, 2023 The FTSE 100 closed lower on Tuesday as markets ran out of steam despite a strong performance from many of the index’s mining giants. The capital’s premier index closed 0.5 per cent lower at 7,634.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended [...]