UK’s Saga rallies after H1 results, on track for FY profit

Shares of Saga PLC rose 8.3% to 235p, marking the highest level since May 2022 and making it the top gainer on the FTSE Small Cap index. The company reported a 7% year-on-year increase in H1 underlying revenue to £320.5 million and an 8% rise in trading EBITDA to £67.5 million. Saga has strong forward bookings in travel for the second half and is on track to achieve FY underlying profit before tax in line with the previous year, despite higher finance costs. Year-to-date, the stock is up about 93%.