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BBAThu, 18th Feb 2016 19:08
** BBA Aviation falls as much as 10.6 pct after announcing a £748 mln rights issue to fund its acquisition of Landmark Aviation ** Stock recovers to trade down 4.9 pct but still top faller on Stoxx 600 in robust volume ** Worst day for the stock since September 2011, touching a 2.5 y
Read more(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
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(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 more(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
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