Reuters Saga Plc, an over-50s travel and insurance company, reported a small rise in full-year pretax profit after its tour operations were hit by the collapse of Monarch Airlines, but said its travel business had “excellent” visibility this year. Saga, which offers ocean and river cruises, singles holidays and escorted tours, said underlying pretax profit rose to 190.1 million pounds ...

Reuters French food services and facilities management group Sodexo reported a well-flagged fall in first-half core operating profit and kept its recently reduced targets for sales growth and margins for the 2017/18 full year. Sodexo, which is the world’s second-biggest catering company after Compass Group, struck a cautious tone over its medium-term goals although Chief Executive Denis Machuel said he ...

London / Reuters GlaxoSmithKline is divesting its rare disease gene therapy drugs to private biotech company Orchard Therapeutics as Chief Executive Emma Walmsley makes good on her promise to prune the drugmaker’s pharmaceuticals portfolio. Financially, the transaction will not move the dial for Britain’s biggest drugmaker, but it offers a sign that Walmsley is making progress in reshaping the company ...