Analysis

Troubled Saga fights to turn the tide

2020-09-14T13:36:00

Negative Storm

Saga has a mountain of debt. It’s cruise and travel revenue has been choked off by Covid. Then it rejected a bid led by ex-Aviva boss Mark Wilson, instead opting for a share placing raise led by former chairman Roger De Haan. Will it be enough to steer the firm ...

Saga has a mountain of debt. It’s cruise and travel revenue has been choked off by Covid. Then it rejected a bid led by ex-Aviva boss Mark Wilson, instead opting for a share placing raise led by former chairman Roger De Haan. Will it be enough to steer the firm to safer waters? 

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