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Saga's holiday bookings rise 14%; nears NatWest deal for personal banking products

Saga's holiday bookings rise 14%; nears NatWest deal for personal banking products

Reuters5 hours ago

June 24 (Reuters) - British holiday group Saga (SAGA.L), opens new tab said on Tuesday it was in final negotiations with NatWest (NWG.L), opens new tab to offer a range of personal banking products, as the company's annual holiday bookings tracked ahead of last year, with booked revenue up 14%.
Saga offers a range of travel products such as cruises, insurance and financial services particularly to the over-50s age group or midlifers.
Recently, it has been refocusing on its core segment, travel, which is experiencing a rebound, while exploring partnerships to strengthen its insurance and money services offerings.
"Looking ahead, we are focussed on continuing to grow our Travel and Money businesses," CEO Mike Hazell said in a statement.
Saga's cruise and holidays segments account for 59% of its business, with money the smallest at 0.7%, according to its 2025 annual report.
The company also said its performance in the first four months of fiscal 2025 matched expectations.

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