British holidays group Saga cuts annual outlook

(Reuters) - Britian's holidays group Saga Plc on Tuesday cut its full-year profit forecast after reporting a loss for the first half of the year as its insurance unit struggles with inflationary woes.

The company, which also sells insurance to over 50-year olds, forecasts an underlying pretax profit between 20 million pounds to 30 million pounds ($21.56 million-$32.35 million) for the full-year, lower from its previous guidance of 35 million to 50 million pounds. ($1 = 0.9275 pounds)

(Reporting by Amna Karimi in Bengaluru; Editing by Savio D'Souza)