AA agrees £219m sale to private equity firms
25th Nov 2020 08:39
(Sharecast News) - AA has agreed to be bought for £219m by two private equity firms in an ignominious end to the breakdown service's six years as a public company.
Read moreAA extends deadline for £218m takeover offer
24th Nov 2020 13:09
(Sharecast News) - The AA has extended the deadline for its private equity suitors to make a firm takeover offer, the motoring and insurance group said on Tuesday.
Read moreAA close to agreeing £218m takeover by private equity
23rd Nov 2020 07:54
(Sharecast News) - AA said it was close to recommending a proposed cash offer of 35p a share from private equity groups TowerBrook Capital and Warburg Pincus working together.
Read moreSunday newspaper round-up: Furlough scheme, National lockdown, Food banks
1st Nov 2020 16:34
(Sharecast News) - The chancellor dramatically extended his furlough scheme last night, just hours before it was due to end, bowing to demands from business leaders for more financial support throughout the new four-week lockdown in England. Rishi Sunak said the decision was necessary because of the return of "stay at home" restrictions to contain Covid-19. News of the new lockdown, first reported by The Times, had sparked fury from bosses. "We will do whatever it takes as the situation evolves," Sunak said. - Sunday Times
Read moreThursday broker round-up
1st Oct 2020 13:59
(Sharecast News) - AA: Berenberg upgrades to hold with a target price of 30.0p.
Read moreAA extends takeover deadline, interim revenues stall
29th Sep 2020 11:36
(Sharecast News) - The AA has extended a deadline for takeover talks, the breakdown and insurance specialist confirmed on Tuesday, as it reiterated full-year guidance despite a slide in interim revenues and profits.
Read moreAA in talks with TowerBrook and Warburg Pincus on joint bid
24th Sep 2020 07:48
(Sharecast News) - The AA said it was in talks with TowerBrook Capital and Warburg Pincus International about a joint offer for the company after two other potential private equity bidders pulled out of the running to buy the car breakdown service.
Read morePlatinum Equity not making offer for AA
23rd Sep 2020 08:05
(Sharecast News) - Platinum Equity said on Wednesday that talks with the board of roadside assistance company and insurer AA have ended "by mutual agreement" and that it does not plan to make an offer for the business.
Read moreSunday newspaper round-up: NatWest, Rolls Royce, Coronavirus
9th Aug 2020 18:24
(Sharecast News) - NatWest is to push out several top bankers as part of a dramatic overhaul of its investment bank, as new boss Alison Rose attempts to cut ties with its past. The lender formerly known as Royal Bank of Scotland, 62%-owned by taxpayers, is expected to tell staff this week that at least three of its most senior investment bankers will stand down. - Sunday Times
Read moreAA scraps trading update as bidders circle
7th Aug 2020 12:23
(Sharecast News) - AA has scrapped a planned trading update after revealing it was in talks with potential bidders for the company.
Read moreAA receives bid approaches as it seeks new capital
4th Aug 2020 07:41
(Sharecast News) - AA reported it had received three approaches from potential private equity bidders as the company said it needed a large injection of capital to reduce its debt.
Read moreAA full-year profits more than double
7th May 2020 10:20
(Sharecast News) - Roadside assistance company and insurer AA reported a more than doubling of its full-year profits on Thursday but said membership numbers were set to decline due to the Covid-19 pandemic.
Read moreAA puts brakes on dividend as it reports jump in full-year earnings
31st Mar 2020 10:37
(Sharecast News) - The AA is to pull its dividend, despite the coronavirus outbreak not yet having a material impact, the motoring group said on Tuesday.
Read moreTuesday broker round up
11th Feb 2020 12:24
(Sharecast News) - Rio Tinto: RBC Capital Markets downgrades to underperform with a target price of 3,300p.
Read moreAA roadside business returns to growth
11th Feb 2020 08:25
(Sharecast News) - Roadside assistance company and insurer AA said on Tuesday that full-year adjusted underlying earnings and cash flow were set to be in line with market expectations as its roadside business returned to growth.
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