Saga on track to meet annual expectations

23rd Jun 2015 10:47

Travel and insurance provider Saga said it was on track to meet its annual expectations.In a short statement released on Tuesday, the FTSE 250 group said it was also confident of reaching its strategic goals for the year to the end of January 2016, including the launch of its motor insurance panel during the summer and securing regulatory approval for the acquisition of Bennett Bikes."We have started the year well, with strong trading across all business divisions," said group chairman Lance Batchelor."This performance is in line with our expectations and we remain on track to deliver on our growth target for the year."Meanwhile, the London-listed company confirmed that Andrew Goodsell will become the non-executive chairman of the company from 1 July.Saga shares were down 0.24% to 214.59p at 10:45 on Tuesday.