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BBA Aviation PLC (BBA.L)

BBA.L on London Stock Exchange

319.00GBp
11:48am EDT
Change (% chg)

2.90 (+0.92%)
Prev Close
316.10
Open
317.10
Day's High
319.90
Day's Low
315.00
Volume
1,276,141
Avg. Vol
2,716,702
52-wk High
319.90
52-wk Low
196.00

Latest Key Developments (Source: Significant Developments)

BBA says LFL revenue up 2 percent for period ended April 30
Friday, 5 May 2017 02:00am EDT 

May 5 (Reuters) - BBA Aviation Plc ::Trading statement for period from 1 January to 30 April 2017.Group's trading remains in-line with expectations, with revenue up 19 pct year-on-year for period.Like-For-Like revenue was up 2 pct for period.Signature flight support's revenues grew 26 pct in period.In aftermarket services revenue grew 4 pct and on an organic basis revenue was flat year-on-year for period.Group is performing well and in line with expectations with a continued strong performance from enlarged signature business and strong drop through - CEO.Board remains confident of good growth in 2017 - CEO.  Full Article

UK's CMA accepts undertakings in Menzies-BBA aviation deal
Tuesday, 25 Apr 2017 02:30am EDT 

April 25 (Reuters) - UK's Competition and Markets Authority (CMA)::Accepted undertakings in lieu of reference to phase 2 given by Menzies Aviation Plc and Menzies Aviation Inc.Merger between Menzies and ASIG Holdings Limited and ASIG Holdings Corp will therefore not be referred to phase 2 investigation.  Full Article

BBA Aviation says David Crook to succeed Mike Powell as group finance director
Wednesday, 1 Mar 2017 02:00am EST 

Bba Aviation : David Crook to succeed Mike Powell as group finance director . Mike Powell, group finance director, has resigned in order to take up role of Chief Financial Officer of Wolseley PLC . Powell will be leaving group on 31 st may 2017 .David Crook, currently group financial controller, to position of finance director with effect from 1st June 2017.  Full Article

BBA Aviation posts FY pretax loss from cont ops of $82.2 mln
Wednesday, 1 Mar 2017 02:00am EST 

Bba Aviation Plc : Fy pretax loss from continuing operations $82.2 million versus profit of $77.4 million profit year ago . FY underlying revenue $2.57 billion versus $2.13 billion year ago . FY dividend 12.75 cents per share . Board remains confident of good growth in 2017 . ERO, continues to be impacted by reduced legacy mid-cabin fixed wing flying, our footprint reduction programme remains on track . Completed significant acquisition of landmark aviation .Executed successful integration of 62 new FBOS into signature FBO network.  Full Article

UK's CMA says served initial enforcement order on Menzies-ASIG deal
Thursday, 2 Feb 2017 02:19am EST 

:Competition and Markets Authority serves initial enforcement order under section 72(2) of Enterprise Act 2002 on Feb. 1, in relation to completed acquisition by anticipated acquisition by Menzies Aviation Plc and Menzies Aviation Inc. Of Asig Holdings Limited and Asig Holdings Corp.  Full Article

BBA Aviation says trading remains in-line with expectations
Tuesday, 8 Nov 2016 02:00am EST 

BBA Aviation Plc : Trading and cash flow remains in-line with expectations, with revenue up 27 pct year-on-year . In flight support, enlarged signature revenues grew 56 pct and 4.1 pct on a like-for-like basis . Aftermarket services revenue was lower than prior year period due to decline in ERO sales . Group is performing as anticipated with continued outperformance from enlarged signature business and good margin drop through . Group is on track to deliver good further progress in 2016 - CEO . Has reached agreement to acquire a portfolio of legacy avionics products from GE Aviation, for a cash consideration of $61.5 mln .Transaction is expected to complete early in new year, subject to satisfaction of certain conditions.  Full Article

UK's CMA says investigating Menzies deal to buy BBA unit
Tuesday, 25 Oct 2016 10:17am EDT 

UK's Competition and Markets Authority (CMA):Considering whether acquisition by Menzies Aviation Plc of Asig Holdings Limited, will result in creation of a relevant merger situation.  Full Article

BBA Aviation H1 revenue from cont ops up 15.7 pct to $1.02 bln
Tuesday, 2 Aug 2016 02:00am EDT 

Bba Aviation Plc : H1 revenue from continuing operations rose 15.7 percent to 1.021 billion usd . Says $128.9 million asig write-down resulting from reclassification as held for sal . Says h1 adjusted underlying eps up 6.4% . Says h1 continuing underlying group operating profit was $135.6 million (h1 2015: $84.2 million) . Says h1 underlying profit before tax increased to $105.5 million (h1 2015: $67.9 million). . Says remain confident in full year outlook and anticipate good further progress in 2016 . Says h1 underlying operating profit (continuing and discontinued) up 56% to $149.6 million . Says adjusted for h1 2015 one-off $5.2 million benefit of reclassification of our investment in hong kong business aviation centre .Says h1 underlying operating profit in flight support increased by 84% to $141.6 million.  Full Article

BBA Aviation says trading in line with expectations
Friday, 6 May 2016 02:00am EDT 

Bba Aviation Plc : Trading in-line with expectations . Revenue up 12 pct year-on-year for period from Jan 1 to March 31 . On a like-for-like basis (constant currency, adjusting for lower fuel prices and before acquisitions), revenue was down 6 pct . In flight support, total revenue growth adjusting for fuel prices was up 33 pct .Group has got off to a good start - CEO.  Full Article

BBA Aviation PLC declares interim dividend
Wednesday, 5 Aug 2015 10:09am EDT 

BBA Aviation PLC:Declares interim dividend of 4.85 cents per share, will be paid on Oct. 30 to ordinary shareholders registered on Sep. 18.  Full Article

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