22 Sep 2015 09:30
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Don't have an account? Click here to register.AA says trading in line, on track to deliver 'strong' FCF generation
Wed, 05th Jun 2019 09:32
(Sharecast News) - Roadside assistance provider and insurer AA said on Wednesday that trading was in line with expectations.In a brief statement ahead of its annual meeting in London, the company said it remains well positioned to deliver trading earnings before interest, tax, depreciation and amortisation growth and "strong" free cash flow generation in FY20. The group also said it is on track to meet its medium-term growth targets to FY23.Back in April, the AA posted a 64% drop in annual profit to £53m and said it was cutting its total dividend for the year to 2p a share from 5p. The decline in profits was attributed in part to £26m spent on the company's roadside division to help improve fleet efficiency. AA said profit also took a £22m hit from new pension rules.At 0930 BST, the shares were up 2.8% at 55.71p.
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22 Sep 2015 07:59
Roadside Assistance rescues AA's revenue
(ShareCast News) - The AA is trading in line with expectations posting a 2.1% uptick in revenue from Roadside Assistance, according to half year results to 31 July published on Tuesday. Roadside Assistance revenue rose to £359.1m, showing the early benefits of the FTSE 250-listed company's transform
Read more15 Sep 2015 15:20
31 Jul 2015 11:57
AA executive director quits
(ShareCast News) - Roadside assistance company AA said its executive director has quit for personal reasons. Nick Hewitt will step down from his role immediately but will remain an employee of the company to work on key projects, AA said in an announcement. AA executive chairman Bob MacKenzie said
Read more21 Jul 2015 12:12
British car insurance premiums rose in second quarter, AA says
(ShareCast News) - Car insurance premiums were up 5% in the second quarter and are only going to get more expensive, the AA said. The AA said a rise in insurance premium tax from 6% to 9.5% would put upward pressure on premiums. Comprehensive car insurance premiums were on average £549.46 per year i
Read more21 Jul 2015 10:10
15 Jul 2015 09:08
AA and Bank of Ireland sign 10-year partnership
(ShareCast News) - Bank of Ireland and roadside assistance service AA have agreed a 10-year financial service partnership. In a statement released on Wednesday, the Irish lender said its subsidiary Bank of Ireland UK and the FTSE 250 group have agreed a deal which will bring together customer propos
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