Saga chief Euan Sutherland resigns as group explores debt …
WEBNov 28, 2023 · The chief executive of Saga, the UK insurance and travel business focused on customers over 50, is leaving the company as it hunts for ways to repair its balance sheet. Euan Sutherland will be...
The scramble to save Saga from sinking under a mountain of debt
WEBNov 30, 2023 · Investment bank Lazard has been drafted in to help fix Saga’s finances and bankers have revived plans to sell Saga’s insurance underwriting business to raise cash.
Saga floats idea of selling stake in ocean cruises arm
WEBJan 26, 2024 · Saga is exploring ways to release money from its ocean cruises operation which could involve selling its two flagship vessels or offloading the entire business under a licensing arrangement.
UK's Saga appoints finance chief Hazell new CEO as Sutherland …
WEBNov 28 (Reuters) - UK's Saga (SAGA.L) said on Tuesday Euan Sutherland would stand down as the over-50s tourism and insurance company's chief executive officer and would be replaced by Mike...
Debt-laden Saga turns to Lazard to shore up balance sheet
WEBNov 27, 2023 · Saga, the financial services and travel services provider to the over-50s, has drafted in a team of City bankers to help shore up its finances, weeks after tapping its chairman for a £35m loan.
UK's Saga explores partnership arrangement for cruise unit
WEBJan 26 (Reuters) - British holiday group Saga (SAGA.L) said on Friday it was exploring options for its cruise division, including a partnership arrangement. The London-listed firm said a...
Debt-laden Saga plots to sell off its cruise ships - The Telegraph
WEBJan 26, 2024 · Saga is considering selling its two flagship cruise liners as the over-50s holiday and insurance business scrambles to cut its massive debt pile. The company has announced plans to explore a ...
Saga sets post-Easter deadline for cruise operation suitors
WEBMar 21, 2024 · Saga sets post-Easter deadline for cruise operation suitors. The London-listed insurance and travel group has asked for proposals for its cruises arm to be tabled next month, Sky News learns.
News - Saga
WEBSaga Launches Full 2025 River Cruise Programme. Saga’s 2025 river cruises launch with up to 25 per cent discount. Includes new ship, Spirit of the Moselle, which joins Saga’s river fleet in July 2025. New options include City Explorer ‘city-break’ style itineraries.
UK's Saga shares drop to record low after profit warning
WEBSept 27 (Reuters) - British holidays group Saga Plc (SAGA.L) slashed its annual earnings forecast on Tuesday as its insurance unit grappled with rising claims that pushed it to a half-year loss...
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