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BBA Aviation PLC (BBA.L)

BBA.L on London Stock Exchange

338.60GBp
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

BBA Aviation says revenue up 10.2 pct year-on year for ten months to Oct
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - BBA AVIATION PLC ::GROUP'S TRADING PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS, WITH REVENUE UP 10.2% YEAR-ON YEAR FOR TEN MONTHS TO OCTOBER​.SAYS ‍OUTLOOK FOR FULL YEAR REMAINS UNCHANGED​.SAYS ‍"RECENT HURRICANES HARVEY, IRMA AND MARIA, CAUSED MINIMAL IMPACT OVERALL ACROSS SIGNATURE NETWORK"​.‍IN FLIGHT SUPPORT, SIGNATURE REVENUES IN TEN MONTHS TO 31 OCTOBER GREW 14.2% AND 3.8 PERCENT ON A LIKE-FOR-LIKE BASIS​.‍IN AFTERMARKET SERVICES, REVENUE IN TEN MONTHS TO 31 OCTOBER GREW 1.8% BUT ON A LIKE-FOR-LIKE BASIS DECLINED 2.8%​.  Full Article

BBA Aviation raises interim dividend by 5 pct
Tuesday, 1 Aug 2017 02:00am EDT 

Aug 1 (Reuters) - BBA AVIATION PLC ::H1 REVENUE FROM CONTINUING OPERATIONS ROSE 12.2 PERCENT TO 1.146 BILLION USD.H1 PRETAX PROFIT FROM CONTINUING OPERATIONS 91.5 MILLION USD VERSUS -153.3 MILLION USD LOSS YEAR AGO.SAYS BOARD IS DECLARING AN INCREASED INTERIM DIVIDEND OF 3.81, UP 5%.HY U.S. B&GA MARKET UP 3%.HY OPERATING PROFIT GROWTH OF 134% TO $26.0M, DRIVEN BY ONTIC.HY CONTINUING GROUP REVENUE INCREASED BY 12.2% TO $1,145.5 MILLION (H1 2016: $1,020.6 MILLION).HY CONTINUING GROUP UNDERLYING OPERATING PROFIT WAS $174.9 MILLION (H1 2016: $135.6 MILLION).TOTAL SPEND ON ACQUISITIONS AND LICENCES COMPLETED DURING PERIOD WAS $61.3 MILLION (H1 2016: $2,092.0 MILLION).  Full Article

BBA says CEO Simon Pryce to step down
Monday, 5 Jun 2017 02:00am EDT 

June 5 (Reuters) - Bba Aviation Plc ::Announces departure of Simon Pryce as ceo and appointment of Wayne Edmunds as interim ceo pending appointment of a permanent successor.Simon Pryce will step down as chief executive and from board with effect from 30 June, 2017.  Full Article

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

UK Stocks-Factors to watch on Tuesday

Aug 1 Britain's FTSE 100 index is seen opening 38 points higher at 7410.3 on Tuesday, according to financial spreadbetters. * ACACIA: The Tanzanian government and Barrick Gold have started talks to resolve a tax dispute involving the Canadian company's subsidiary Acacia Mining, the president's office said on Monday. * BHP: BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its