UPDATE 2-Saga shares hit low as over-50 Britons trim tour bookings [Reuters]
RSA INSURANCE GROUP (RSNAY)
NASDAQ:AMEX Investor Relations:
rsagroup.com/investors
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Source: Reuters
UPDATE 2-Saga shares hit low as over-50 Britons trim tour bookings - Reuters 3 Min Read * Saga shares hit record low after results * Tour margins hit by competitive discounting * Sees early progress for new insurance products (Adds details, analyst comment, shares, background, graphic) By Pushkala Aripaka and Muvija M June 19 (Reuters) - Britain’s Saga warned on Wednesday that discounting was taking a heavy toll on its tours business, while an overhaul of its insurance arm has yet to take effect, sending shares in the company catering for the over-50s to a record low. Saga, which is looking to find a new chief executive after Lance Batchelor announced his departure last week, has been trying to shake off its image as only serving “old people” and had begun rebranding after a profit warning in April. Saga’s shares, widely held by retail investors since it floated at 185 pence in 2014, have slumped 66% this year. They had dropped 12.2% to 33 pence by 0907 GMT after Saga said full year b
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