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AA PLC (AAAA.L)

AAAA.L on London Stock Exchange

157.50GBp
12 Dec 2017
Change (% chg)

0.40 (+0.25%)
Prev Close
157.10
Open
158.40
Day's High
158.40
Day's Low
155.50
Volume
122,425
Avg. Vol
5,148,906
52-wk High
283.20
52-wk Low
146.22

Latest Key Developments (Source: Significant Developments)

AA Says To Sell Home Emergency Services Policy Book To Homeserve​
Wednesday, 29 Nov 2017 06:04am EST 

Nov 29 (Reuters) - AA Plc ::‍IT HAS AGREED TO SELL AA'S HOME EMERGENCY SERVICES POLICY BOOK TO HOMESERVE​.‍HOMESERVE WILL ACQUIRE APPROXIMATELY 70,000 CONSUMER POLICIES WHO WILL MIGRATE FROM MAY 2018​.‍TRANSACTION IS EXPECTED TO COMPLETE EARLY IN 2018​.‍HOMESERVE WILL OPERATE BUSINESS UNDER AA BRAND FOR NEXT THREE YEARS​.‍ON COMPLETION, APPROXIMATELY 70 PLUMBING AND GAS ENGINEERS WILL TRANSFER TO HOMESERVE​.  Full Article

Q3 average quoted British motor premiums fall 5 pct since Q2- AA
Friday, 27 Oct 2017 06:05am EDT 

Oct 27 (Reuters) - AA PLC :THE AVERAGE QUOTE FOR A COMBINED BUILDINGS AND CONTENTS POLICY HAS RISEN BY 1.2 PERCENT TO £159.69 OVER QUARTER ENDING 30 SEPT- AA‍​.AVERAGE OF FIVE CHEAPEST PREMIUMS QUOTED FOR CAR INSURANCE FELL FROM £714.85 TO £679.93 OVER THE QUARTER ENDING 30TH SEPTEMBER - AA.AVERAGE QUOTED MOTOR PREMIUMS HAVE FALLEN BY NEARLY 5% OVER THE PAST QUARTER, ALTHOUGH THEY STILL REMAIN ALMOST 10% HIGHER THAN THIS TIME LAST YEAR .THE DROP IS ATTRIBUTED TO THE POTENTIAL CHANGE IN THE OGDEN OR 'DISCOUNT RATE', POTENTIAL MINISTRY OF JUSTICE WHIPLASH REFORMS AS WELL AS CONTINUING COMPETITIVE PRESSURE‍​.  Full Article

Parvus ups stake in AA to 24 percent - filings
Tuesday, 3 Oct 2017 12:21pm EDT 

Oct 3 (Reuters) - Aa Plc :‍parvus asset management europe limited raises stake in co to 23.8 percent from 21.14 percent sept 29 - filings.  Full Article

Parvus Asset Management raises stake in AA Plc to 21.14 pct- filing​
Friday, 29 Sep 2017 06:16am EDT 

Sept 29 (Reuters) - AA Plc :‍PARVUS ASSET MANAGEMENT EUROPE LIMITED RAISES STAKE IN CO TO 21.14 PERCENT FROM 19.35 PERCENT- FILING​.  Full Article

Woodford Investment raises stake in AA to 14.21 pct - filing
Wednesday, 27 Sep 2017 09:20am EDT 

Sept 27 (Reuters) - AA PLC ::WOODFORD INVESTMENT MANAGEMENT RAISES STAKE IN CO TO 14.21 PERCENT FROM 13.29 PERCENT -FILING.  Full Article

British motoring group AA half-year core profits inch up,
Tuesday, 26 Sep 2017 02:06am EDT 

Sept 26 (Reuters) - Aa Plc :Interim results for six months ended 31 July 2017.Simon Breakwell has been appointed permanent chief executive officer.Trading EBITDA up 1% to 193 million pounds ($260.14 million) reflecting gains in insurance broking as well as reduced head office costs.Trading revenue rose 1% to 471 million pounds reflecting growth in both insurance broking and underwriting.Membership base rose to 3,325,000 (h1 17: 3,321,000) driven by a 13% increase in new members and stable retention.Motor insurance policy numbers grew 8% to 616,000 (h1 17: 572,000).Interim dividend maintained at 3.6 pence per share.Investment required in current financial year to result in EBITDA of between 390 million pounds and 395 million pounds assuming utilisation rates are consistent with recent years.  Full Article

AA confirms it had talks with rival Hastings on insurance merger
Tuesday, 12 Sep 2017 02:00am EDT 

Sept 12 (Reuters) - Aa Plc :AA PLC - PRESS SPECULATION.‍NOTES YESTERDAY'S PRESS SPECULATION ON A POTENTIAL TRANSACTION WITH HASTINGS INVOLVING ITS INSURANCE BUSINESS​.‍REGULARLY REVIEWS ALL STRATEGIC OPTIONS, INCLUDING WHETHER A SPIN-OFF OF ANY OF ITS BUSINESS LINES WOULD UNLOCK FURTHER VALUE​.‍CONFIRM THAT WE DID HAVE PRELIMINARY DISCUSSIONS WITH HASTINGS IN EARLY SUMMER TO EXPLORE A POSSIBLE COMBINATION OF AA'S INSURANCE BUSINESS WITH HASTINGS​.  Full Article

AA Plc says removes Bob Mackenzie as chairman for gross misconduct
Tuesday, 1 Aug 2017 08:25am EDT 

Aug 1 (Reuters) - AA Plc ::BOB MACKENZIE HAS BEEN REMOVED BY BOARD FROM HIS ROLE AS EXECUTIVE CHAIRMAN.BOB MACKENZIE REMOVED FOR GROSS MISCONDUCT, WITH IMMEDIATE EFFECT​.‍JOHN LEACH HAS BEEN APPOINTED AS CHAIRMAN​.‍SIMON BREAKWELL HAS BEEN APPOINTED AS ACTING CHIEF EXECUTIVE​.‍ALREADY BEGUN PROCESS OF SPLITTING COMBINED ROLES OF EXECUTIVE CHAIRMAN AS COMPANY NEARS END OF TRANSFORMATION PROGRAMME​.‍NOMINATION COMMITTEE WILL NOW ACCELERATE THIS APPOINTMENT OF A CHIEF EXECUTIVE​.SAYS EXPECT FULL YEAR PERFORMANCE TO BE BROADLY IN LINE WITH THAT OF LAST FINANCIAL YEAR.ANDREW BLOWERS HAS BEEN APPOINTED AS SENIOR INDEPENDENT DIRECTOR, REPLACING JOHN LEACH.  Full Article

Sunny Loan Top sees H1 2017 net profit down 40 pct to 60 pct
Wednesday, 26 Jul 2017 05:32am EDT 

July 26(Reuters) - Sunny Loan Top Co Ltd <600830.SS>:Sees H1 2017 net profit to decrease by 40 percent to 60 percent.Says H1 2016 net profit was 54.1 million yuan .Say that decreased investment income as the main reason for the forecast .  Full Article

AA proposes issue of bonds
Tuesday, 4 Jul 2017 04:41am EDT 

July 4 (Reuters) - AA Plc ::Announces a proposed refinancing package in line with group's strategy to reduce overall borrowings and associated interest costs.Issuer is expecting to issue up to £250m of fixed-rate class a notes with a six year tenor.  Full Article

BRIEF-AA Says To Sell Home Emergency Services Policy Book To Homeserve​

* ‍IT HAS AGREED TO SELL AA'S HOME EMERGENCY SERVICES POLICY BOOK TO HOMESERVE​