BBA Aviation reshuffles board of directors
11th Nov 2015 08:34
(ShareCast News) - Nick Land has announced his intention to step down from the board of BBA Aviation in 2016, the aviation support and services group said. Land, who is currently the chairman of BBA's audit and risk committee and a senior independent director, joined the board of the FTSE 250 group
Read moreFTSE 250 movers: Tullow Oil rockets, but BBA Aviation crashes on broker downgrade
1st Oct 2015 13:43
(ShareCast News) - London's FTSE 250 index was up 0.7% to 16,791.70 at 1525 BST on Thursday, as the broader market bounced back from recent losses and got a boost from better-than-expected UK manufacturing data. Shares in oil exploration and production company Tullow Oil rocketed after it said its l
Read moreBBA Aviation confirms buyout of US rival and rights plan
23rd Sep 2015 07:53
(ShareCast News) - Aerospace support and aftermarket services provider BBA Aviation announced the acquisition of US rival Landmark Aviation in an ambitious move to grow its footprint in the markets for fixed business operations and business general aviation. The transaction carried a price tag of $2
Read moreBBA Aviation taking part in talks for acquisition of US-based rival
23rd Sep 2015 05:07
(ShareCast News) - BBA Aviation is one of several parties participating in the sale process for US,Houston-based rival Landmark Aviation, according to Reuters. The mooted value of the transaction is $2bn (£1.3bn), including the assumption of debt, according to the people "familiar with the matter" c
Read moreMorgan Stanley upgrades BBA Aviation after recent underperformance
11th Aug 2015 14:35
(ShareCast News) - Morgan Stanley upgraded BBA Aviation to 'equalweight' from 'underweight' and raised the price target to 332p from 320p, saying the stock offers a more attractive risk/reward following recent underperformance. It noted the shares have fallen 10% since the 8 May trading statement an
Read moreBBA Aviation's first-half profit and revenue drop
5th Aug 2015 08:59
(ShareCast News) - BBA Aviation posted a 33% drop in first-half pre-tax profit as revenue fell on the back of lower fuel prices and adverse currency moves. For the six months ended 30 June, pre-tax profit came in at $61.7m from $92m on revenue of $1.10bn, down 5% from $1.15bn. The company said the
Read moreBBA Aviation trading in line with its expectations
8th May 2015 07:54
Aviation support services company BBA Aviation said on Friday that it's trading in line with its expectations, with group revenue down 5% on the previous year as a result of falling fuel prices, but on an organic basis, revenue was up 3%. Revenue in the company's Flight Support division was up 3% on
Read moreBBA Aviation gives positive outlook after mixed 2014, pauses share buyback
4th Mar 2015 14:54
BBA Aviation broadly met expectations with its annual results on Wednesday with strong growth in its flight support division offsetting weakness in aftermarket services, as the company predicted further growth in 2015. However, the company said it was pausing its share buyback programme, which is 62
Read moreBBA Aviation grounded by mixed third quarter update
18th Nov 2014 12:21
Aircraft maintenance group BBA Aviation issued a mixed third-quarter report but claimed trading was in line with management's expectations. An encouraging recovery from the business and general aviation (B&GA) market in North America has continued, boosting flight support revenue 8% on an organic ba
Read moreFTSE 250 movers: Lonmin lifted by broker upgrade
20th Oct 2014 15:19
An upgrade from Liberum Capital helped lift shares in Lonmin on Monday. The broker now recommends investors keep 'hold' of the mining stock. BBA Aviation also took off after announcing that its Signature Flight Support business has agreed to acquire the fixed-base operator assets of Wiggins Airways
Read moreBBA Aviation buys business from US cargo airline Ameriflight
20th Oct 2014 10:16
BBA Aviation's Signature Flight Support business has agreed to acquire the fixed-base operator (FBO) assets of Wiggins Airways at Manchester-Boston Regional Airport from US cargo airline Ameriflight for $16.2m. The acquisition is expected to be earnings enhancing in the first full year of ownership
Read moreSector movers: Transport stocks hit by Russian air concerns
5th Aug 2014 14:48
Transport stocks were the worst performing stocks on Tuesday with airlines hit by negative newsflow and postal group Royal Mail under pressure after cautious comments from Credit Suisse. Airlines such as British Airways owner IAG, Easyjet and Ryanair were reeling in afternoon trade on rumours that
Read moreBBA Aviation reports flat first-half profit
5th Aug 2014 10:03
Aviation support and aftermarket services firm BBA Aviation reported just a 1% year-on-year increase in first-half profit before tax to $79.2m, on the back of a 3% increase in revenue to $1.15bn. BBA said results were boosted by market outperformance and progress in flight support, the company's se
Read moreBBA Aviation appoints new Finance Director
20th May 2014 10:43
Airport services and business aviation group BBA Aviation has appointed Mike Powell as Group Finance Director with effect from July 1st. He will succeed Mark Hoad, who will step down on June 30th. Powell joins the group from AZ Electronic Materials, where he has been Chief Financial Officer since
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
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