Shares in Saga, which specialises in travel and insurance for the over 50s, slumped after the company slashed its dividend and warned profits would be hit by Brexit and lower insurance margins.
Just about as far away from the truth as you can get
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Saga shares plunge after it slumps to £135m lossShares in over-50s travel and insurance specialist Saga have plunged by more than a third as it reported a £135m loss after acknowledging 'increasing challenges' facing the business. Used to be competitive. Now more expensive than the competition so not surprising 👍 Because : 1. Brexit fears. 2.Middle aged people are looking for aventure, not coach trips /deck chairs. 3. Those now turning 50 are starting to have less disposible income. Have become greedy and some say uncompetitive in the insurance industry, stop worrying about your shareholders,and worry about your credibility in the insurance market,and then perphaps you might get the punters back.
Source: SkyNews - 🏆 35. / 67 Read more »
BREXIT WARNING: German companies based in UK are UNPREPARED for Brexit - ‘It’s scary’ALMOST half of German companies doing business in Britain are not prepared for Brexit as uncertainty over the UK’s withdrawal from the EU rumbles on.
Source: Daily Express - 🏆 26. / 68 Read more »