AA profit rises a fifth after strong operational performance May 7, 2020 Driving association the AA saw its profit rise nearly a fifth over the financial year, and said it expected this year’s performance to be only marginally lower due to the coronavirus crisis. Shares in the motorists group rose nearly 14 per cent on the back of the announcement. The figures Profit for the year rose [...]
AA shares leap as firm plans bond buyback December 11, 2019 Shares in motoring association the AA jumped 15 per cent today after the company announced a possible share buyback after a positive first half. The company, which provides insurance, driving lessons and breakdown cover also said it intends to pursue a range of debt tenders, redemptions and issuances over the coming months. Read more: Supercuts [...]
AA share price climbs as earnings accelerate at motor breakdown insurer August 8, 2019 Breakdown insurance firm AA saw its share price rise almost five per cent this morning as it told investors that half-year earnings are set to outpace last year’s growth. Read more: Hasting insurance struggles as rate change sinks profits Earnings before interest, tax, depreciation and amortisation (Ebitda) for the six months to July will beat [...]
Should you follow directors into this bombed-out stock? June 12, 2019 | City Talk By Edmond Jackson from interactive investor. Down almost 90% from its peak, our shares analyst examines recovery potential at this household name. Should you trust company directors or hedge funds with their dealings, or make your own judgment? The current situation at former mid-cap AA (LSE:AA.) is a stark example as directors buy into an 88% drop since 2015 as [...]
Mike Ashley among Debenhams shareholders wiped out April 18, 2019 | City Talk By Graeme Evans from interactive investor. One of the most intriguing City soap operas is over for investors as lenders seize control of Debenhams. The fight for survival at Debenhams (LSE:DEB) stores goes on, but for investors the suspension of shares signalled the final act in a grim 13 years of stock market trading. The [...]
AA: A sustainable recovery of its own? April 12, 2019 | City Talk After a decent start to 2019, our head of markets kicks the tyres after these uninspiring results. There is certainly a great deal going on under the bonnet at AA (LSE:AA.), although by its own admission there remains much to be done. One measure of progress is the number of contract wins the company has [...]
New car sales fall in crucial month for Britain’s car industry as Brexit uncertainty lingers April 4, 2019 New car registrations dropped by 3.4 per cent last month as political and economic uncertainty continues to hit demand. Demand slipped in both private and business sectors as sales hit their lowest March level since 2013, according to new figures from the Society of Motor Manufacturers and Traders (SMMT). Read more: Cost of meeting emissions [...]
The AA’s opting for the long road to stability April 4, 2019 Shares in the AA have been swerving all over the place since it returned to the stock market in 2014. After jumping from a float price of 250p to 430p the following year, the ambitions of the team that steered the roadside rescue outfit through an unusual management-buyout-cum-IPO began to stutter. The stock slid and [...]
Breakdown group AA blames investments for profit slump April 3, 2019 Breakdown and insurance firm AA said today that its profit before tax for the year ended January 2019 fell more than 60 per cent to £53m. The figures The company said its steep profit drop was a result of a £26m investment in its roadside and insurance business and said it was distorted by a [...]
Breakdown group AA boosts full-year profit expectations February 12, 2019 Breakdown cover group AA today raised expectations for its full-year profit after retaining or extending its key business contracts. In a trading update AA said it expects its earnings before interest, tax, depreciation and amortisation (Ebitda) would be not less than £340m, having previously said it expected profit to be in the range of £335m [...]