
Saga puts care unit on the block amid break-up threat
Saga, the FTSE-250 travel and insurance provider, is seeking a buyer for its domiciliary care business as it faces the threat of a break-up engineered by one of the world's most feared activist investors.Sky News has learnt that Saga is working with advisers on the sale of Patricia White's and Country Cousins, two live-in care brands which last year recorded revenues of just under £4m. The assets have been put up for sale in the wake of pressure from investors for Saga to boost its flagging share price, which has halved over the last year.Grant Thornton, the accountancy firm, has been hired to handle an auction of the operations, which between them have a book of 1,500 carers.In July, Elliott Advisers, which has built stakes in companies including the shopping centre-owner Hammerson, bough