Saga

Saga reported higher revenues in its ocean and river cruise businesses for the first half, driven by increased daily rates, and beat booking expectations. The newly restructured insurance business exceeded initial targets and triggered a £10.5 million payment; the partnership is with Ageas. The company warned that full-year passenger numbers could fall slightly because of the Middle East conflict but reiterated its annual guidance; the shares fell around 1%. » More on de.investing.com

For the year ended 31 January 2026, Saga reported adjusted profit before tax of £44.2m (+19%), a reduction in net debt to £499.5m and a share reaction of +11.5%. The travel business was the main driver, with strong margin improvements in ocean and river cruises; the insurance distribution model benefited from the partnership with Ageas after the sale of the underwriting business. Operating EBITDA, revenue and operating cash flow increased significantly, and leverage improved to 3.7x. Management confirms its medium‑term target of at least £100m adjusted pre‑tax profit and leverage below 2.0x by January 2030, but notes macro and market risks. » More on de.investing.com

Saga failed to inform a customer about the withdrawal of home insurance cover by its underwriter RSA, leaving the customer struggling to find alternative coverage during an ongoing subsidence claim. The customer eventually secured expensive specialist insurance after significant stress, while Saga apologised and offered £100 compensation. The incident highlights concerns about Saga's handling of vulnerable customers, especially given its target demographic. » More on theguardian.com