BBA Aviation flying high
2nd Mar 2012 07:45
BBA Aviation, the aviation support firm, has boasted a significant rise in both revenue and profit for the year ended December 31st. Statutory profit before tax was up 24% from $132m to $163.6m (up 15% to £170.2m before exceptional items), while revenue was up 17% from $1,833.7m to $2,136.7m. Ea
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreBBA unit acquires US aviation firm
4th Jan 2012 08:28
BBA Aviation's Signature Flight Support business has acquired the assets of US firm Azalea Aviation for an initial consideration of $22m. The deal also includes further payments of up to $5.3m over a 5 year period. In addition, Signature has also acquired 95% of Arrindell Aviation Services in St
Read moreBBA Aviation falls despite revenue growth
10th Nov 2011 13:16
BBA Aviation, the aviation support company, has seen revenues grow 8% in the four months to the end of October compared to the same period of 2010. The company's latest management statement shows of the 8% figure, 5% was organic growth excluding acquisitions. There was a fly in the ointment in the
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreSector movers: Mondi rises ahead of update
28th Oct 2011 16:20
The forestry and paper sector was rising higher on Friday with FTSE 250 paper and packaging firm Mondi making moderate gains. The company, which employs 29,000 employees and managed 2.41m hectares of land, is due to release its third quarter interim management statement on Monday. Shares were hig
Read moreBroker tips: BBA Aviation, Hays, Grainger
11th Aug 2011 12:29
Charles Stanley has highlighted some short-term turbulence at BBA Aviation following the recent share price decline, but has kept its buy rating on the aviation support and aftermarkets services provider expecting long-term structural growth. "Given the downgrade to US [gross domestic product] grow
Read moreBroker snap: US provides turbulence for BBA, says Charles Stanley
11th Aug 2011 11:27
Charles Stanley has highlighted some short-term turbulence at BBA Aviation following the recent share price decline, but has kept its buy rating on the aviation support and aftermarkets services provider expecting long-term structural growth. "Given the downgrade to US [gross domestic product] grow
Read moreSector movers: GKN drives down auto stocks
8th Aug 2011 12:45
GKN was driving down the automobiles sector on Monday, with shares dropping 5.75% at 12.55pm, continuing the recent decline. The automotive and aerospace engineer revealed on 3 August that saw sales rose 11% in the first half, however profits were restricted by a temporary plant closure in the US.
Read moreBBA Aviation reports 20% jump in profits
5th Aug 2011 08:46
Shares in BBA Aviation fell lower on Friday despite the aviation support and aftermarkets services provider reporting a 20% increase in profits on sales that grew 12%. Pre-tax profit climbed from £39m to £49.5m, while revenue rose from £587.4m to £660.2m. Earnings per share rose 16% from 7.3p to 8.
Read moreThursday tips round-up: Sage, Rightmove, BBA
5th May 2011 06:28
Sage makes software for small and medium-sized enterprises, allowing them to keep track of the books. Revenues fell by 5% the year before last and were pretty well flat last year, although they began to pick up in the second half. The shares are on almost 15 times' this year's earnings, hard to just
Read moreSector movers: Torotrak lifts auto stocks higher
13th Apr 2011 12:51
Vehicle transmission group Torotrak is providing a lift to the automobiles and parts sector, with shares climbing 17%. The firm revealed Wednesday that it has signed a licensing agreement totalling £8m with its largest shareholder, US-based peer Allison Transmission. Engineering giant GKN is among
Read moreSector movers: Industrial transportation performing well
7th Mar 2011 13:24
Industrial transportation is the best performing sector, led by FTSE 250 groups Forth Ports and BBA Aviation. Forth Ports is higher after agreeing to let its major shareholder Arcus Capital go through its books ahead of a possible £16.30 bid that would value the Scotland-based port group at just sh
Read moreFTSE 250 movers: Forth Ports on the rise
7th Mar 2011 13:10
Forth Ports is leading the risers after agreeing to let its major shareholder Arcus Capital go through its books ahead of a possible £16.30 bid that would value the Scotland-based port group at just shy of £750m. Conveyor belt maker Fenner said that the sharp increase in profitability experienced
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