Over-50s specialist Saga today reported “solid trading” across its core insurance and travel businesses.

The message came in a trading update covering the period between February 1 and June 20 ahead of it annual meeting today.

Saga said: “The group remains on track to achieve its targets for the year ending 31 January 2017 and continues to make good progress against its strategic priorities.”

Chief executive, Lance Batchelor, said: “We have made a good start to the year across our core trading divisions.

“We continue to focus on our strategic objectives and remain on track to deliver on the targets we set out at our preliminary results on 19 April 2016.”