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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 »
Shares in travel firm Saga slump as it warns Brexit will hit profitsCompany that caters to over 50s says Brexit has put ‘clear dampener’ on holiday sales Just about as far away from the truth as you can get
Source: The Guardian - 🏆 84. / 53 Read more »