Cruiseship operations eased the pain felt by UK-based Saga plc as its share price slumped today after announcing a preliminary loss before tax of £134.6m ($177m) for 2018.
The provider of products and services for the over-50s age group has taken a goodwill impairment of £310m relating to the group’s insurance operations.
Saga, which says it is adopting a “new approach” to the challenges faced in the motor and home insurance markets, is reporting in contrast a fifth successive year of profit growth for its travel division.
