Saga shares sink after profit warning on rising insurance claims
Saga plc saw its share price plunge more than 20 percent on Tuesday after the over-50s travel and insurance group wrote down the value of its core insurance division by £269mn ($291mn) and cut its full-year profit forecasts due to “challenging” market conditions.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below