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AA salutes successful year as new underwriter service launches

Thu, 04th Feb 2016 08:15

(ShareCast News) - In a year-end trading statement short on financial detail, AA Plc said trading had remained on course to meet expectations and it had as it launched its insurance underwriter service in the last week of January.The motoring organisation said the year to 31 January, the first full year of its transformation since listing, had been completed "to budget and on time".Moreover, the decline in membership numbers has continued to slow thanks to investment in marketing, new products, more attractive rewards, and a mobile app which has now been used in more than 10% of members road breakdowns.The major programme of modernisation and transformation set out at its June 2014 flotation has also seen investment in new IT systems that, once operational, are designed to enable cross-selling of a broader range of products across the business, facilitate efficiencies, improve customer experience and provide the platform to develop the AA's digital positioning.In the statement, management said they were encouraged by the winning of a roadside assistance contract with Lex Autoleasing, while the recent strategic steps in connected car technology, including Trakm8 for fleets and the Intelematics JV, "give the AA a new level of digital capability".Backed by an experienced management team, the launch of the insurance Underwriter in the last week of January aims to build on the strength of the AA brand and unique data which is felt will enable more effective pricing of risk.The underwriter will initially focus on AA members and look to build business over the next few years supported by a significant level of reinsurance.Full year results will be announced on 5 April.Shares in the company were up 4.4% to 287.7p by 0845 GMT on Thursday.

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21 Nov 2016 19:55

Monday broker round-up

(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11

17 Nov 2016 08:43

AA Issues Fixed-Rate Notes, Launches Exchange And Tender Offer (ALLISS)

27 Oct 2016 12:29

Thursday broker round-up

(ShareCast News) - Debenhams: JP Morgan keeps at underweight with a target price of 54p. AA: Berenberg stays at buy, 315p target. National Express: RBC reiterates outperform with a 405p target. LLoyds: UBS reiterates buy with a 67p target. GlaxoSmithKline: Credit Suisse reiterates neutral with a

30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

29 Sep 2016 15:03

UK Dividends Calendar - Next 7 Days

28 Sep 2016 07:39

AA reports 'robust' first half as member numbers recover

(ShareCast News) - Motorist support organisation AA posted its interim results for the six months to 31 July on Wednesday, with trading revenue up 2% to £467m. The FTSE 250 firm's board said that was a result of a strong performance from Roadside Assistance, with growth in paid personal member nu

28 Sep 2016 07:09

TOP NEWS: AA Escapes Red On Lower Finance Costs As Dividend Is Upped

9 Sep 2016 08:31

BROKER RATINGS SUMMARY: Goldman Takes Centrica And Burberry Off List

19 Aug 2016 12:07

Friday broker round-up

(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps

4 Aug 2016 08:42

AA plc shares rise as it reports in-line trading

(ShareCast News) - AA, the roadside assistance and insurance provider, said on Thursday trading has been in line with market expectations as it benefits from its ongoing transformation. In a pre-close trading statement, AA said it has increased sales of new memberships in recent months. "This refle

4 Aug 2016 06:55

AA Trading Says In Line As Decline In Paid Members Is Arrested

30 Jun 2016 07:44

AA to sell Irish business for EUR156.6m

(ShareCast News) - The AA has agreed to sell its Irish business and operations comprising AA Ireland and its subsidiaries for €156.6m in cash. The motoring services company is selling the operations to Carlyle Cardinal Ireland Fund and Carlyle Global Financial Services Partners II. As at 31 January

30 Jun 2016 06:45

Latest Share Chat

AA..L Share News (AA.)

AA salutes successful year as new underwriter service launches

Monday broker round-up

AA Issues Fixed-Rate Notes, Launches Exchange And Tender Offer (ALLISS)

Thursday broker round-up

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

UK Dividends Calendar - Next 7 Days

AA reports 'robust' first half as member numbers recover

TOP NEWS: AA Escapes Red On Lower Finance Costs As Dividend Is Upped

BROKER RATINGS SUMMARY: Goldman Takes Centrica And Burberry Off List

Friday broker round-up

AA plc shares rise as it reports in-line trading

AA Trading Says In Line As Decline In Paid Members Is Arrested

AA to sell Irish business for EUR156.6m

TOP NEWS: AA Sells Irish Business To Carlyle For EUR157 Million

UPDATE: BROKER RATINGS SUMMARY: Buy Wolseley, Sell Berkeley - Goldman

UK Dividends Calendar - Next 7 Days

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