Set sail for profits with Saga

Saga, the travel and insurance brand, will profit from an ageing population, says Matthew Partridge.

917_MW_P34_Trading

Demand for Saga cruises has soared
(Image credit: All images are copyright of Saga Group Limited. Images may only be used with the company’s express permission and solely for the purposes of promoting Saga/Acromas products and services.)

Ayear ago this month Monarch Airlines collapsed. This was bad news for Saga (LSE: SAGA), the travel and insurance group, as many of its travel packages involved flights with the stricken airline. By December it was forced to admit Monarch's demise, along with tougher market conditions, had hit profits, causing it to undershoot expectations by a large margin. The shares promptly plunged by a third to 125p, and by late March had slipped to 110p. Since then the stock has rallied but it remains 30% below last October's level.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri