Five stay in hunt for holiday firm

The race to land the over-50s financial services-to-holidays group Saga is thought to have narrowed to five possible contenders.

The potential bidders, who are all from the private equity sector, are said by the Financial Times to include US buy-out heavyweight Kohlberg Kravis Roberts and Charterhouse. There are also two joint approaches, including one from Apax Partners and Cinven.