Saga Anticipates Strong Annual Profit Surge Despite Insurance Unit Challenges
Saga, the British holiday and insurance group catering to the over-50s demographic, is forecasting a significant annual profit increase, expecting a doubling in earnings. The optimistic outlook is driven by the company’s confidence in robust long-haul travel demand from affluent retirees, which is anticipated to counterbalance challenges in its insurance unit. Mike Hazell, Saga’s Chief […]
Founders Exit Ahead of AllianceBernstein-Societe Generale Merger: Impact and Future Prospects
Three co-founders of AllianceBernstein’s Autonomous research unit have resigned, raising questions about the dynamics surrounding the impending merger of AllianceBernstein’s equities business with French bank Societe Generale (SocGen). Stuart Graham, a renowned banks analyst and one of the co-founders, is set to depart in March, taking a six-month break. The other two co-founders, Ed Allchin […]