23rd Jun 2015 08:24
LONDON (Alliance News) - Saga PLC on Tuesday said it is on track to meet its targets for the year and confirmed Andrew Goodsell will become its non-executive chairman from July 1.
Saga, which is holding its annual general meeting Tuesday, said it is on track to meet its strategic objectives for the financial year to the end of January 2016, including the launch of its motor insurance panel by summer this year and securing regulatory approval for the acquisition of Bennett Bikes.
The FTSE 250-listed provider of products and services for the over-50s market also said it is considering options to acquire new shipping capacity in order to expand its cruise business.
The group said that, as it had planned at the time of its initial public offering, Andrew Goodsell will become the non-executive chairman of the company from July 1, taking over from Lance Batchelor.
"We have started the year well, with strong trading across all business divisions. This performance is in line with our expectations and we remain on track to deliver on our growth target for the year," said Batchelor.
Shares in Saga were down 0.7% to 213.50 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Saga