There are hopes that new funding will shore up the balance sheet and support turnaround but the company still faces many headwinds
Thursday 03 Sep 2020 Author: Yoosof Farah
Over-50s travel and insurance specialist Saga ( SAGA ) is set to raise £150 million in a bid to shore up its balance sheet, improve liquidity and help execute its turnaround plan. Shares in the company have soared this week after the news, initially jumping 41% to around 19p, as it was also revealed that former owner and chief executive Roger De Haan will stump up £100 million of...