Over 50s travel and insurance specialist Saga has announced a delay to the publication of its results for the first half of the financial year while it continues discussions with Ageas about a potential partnership deal for its insurance business.

In a statement to the London Stock Exchange, it said: “There can be no certainty that any partnership agreement will occur. A further announcement will be made in due course, as appropriate.”

The results for trading up to the end of July 2024 were due to be published on 2 October, but in a message to the Stock Exchange on Tuesday, Saga said it was delaying the announcement while it ‘continues to explore partnership opportunities to support the Group’s capital-light growth ambitions, crystallise value and enhance long-term returns for shareholders’.

“The results will be announced at the earliest possible opportunity,” it added.

The company confirmed that performance for its first half is ‘in line with expectations and the Group remains on track for the full year’.

In June, Saga announced that its cruise businesses have had ‘an exceptional’ start to the year, but it warned the insurance sector remains challenging.