Saga shares surge after higher annual profit forecast, near six-year high
Saga shares rise as much as 21.8% to 781 pence, the highest since November 2019, after the group forecasts higher annual profit and expects to meet medium-term targets ahead of schedule.
8% to 781 pence, with the stock touching its highest level since November 2019 and leading gains across London shares. The company said it now expects higher annual profit and sees its medium-term targets being met ahead of schedule, citing strong demand for its cruises, holidays and travel insurance. Peel Hunt analyst Ivor Jones said the strategy of product improvement and operational simplification is clearly paying off. Saga stock is up about 97% year to date.