Company that caters to over 50s says Brexit has put ‘clear dampener’ on holiday sales
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.
Lance Batchelor, the chief executive, said travel bookings to Europe this year were down 8% from a year earlier. “Brexit is putting a clear dampener on customers’ willingness to commit to holidays in 2019,” he said.
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