BAA plc
BAA: Revised Ferrovial bid
Shareholders who were patient enough to hold onto BAA shares have been rewarded. The company’s board announced that it recommended the acceptance of a revised offer from the Ferrovial Consortium valuing BAA at 950.25p.
Shareholders will be entitled to receive the proposed final dividend of 15.25 pence per share.
BAA’s management rejected a series of bids recently, […]
BAA: FY2006 results
Airport operator BAA reported that operating profits for the year to March 2006 rose 8.1% to £710m with higher passenger numbers and passenger spend accounting for the growth.
The company, which operates a number of airports in the UK and Europe, earns its revenue in two ways – aeronautical charges (levied on airlines) and retail income […]
BAA: takeover bid update
Talk of a takeover of airport operator BAA continues, the latest being a bid from a consortium lead by the Goldman Sachs Infrastructure Group.
BAA confirmed that Goldman Sachs had approached the company with a cash offer of 870p per share. BAA said the proposal also included a (conditional) partial share alternative in the bid […]
BAA: 2005 trading statement
Airport operator BAA said trading for the year to March 2006 has been in line with expectations but made no mention of a takeover bid. A bid last week from the Spanish firm Ferrovial provided the best upside the stock has seen in the last twelve months.
BAA’s share price languished at a little over 600p […]
BAA: H1 results
BAA reported a 6.4% increase in revenues (to £1,173m) and a 9.6% increase in operating profits (to £412m) for the half year to September 2005.
Revenue growth was driven by a 2.5% increase in terminal passengers, an increase in aeronautical
tariffs and good retail performance. The better retail performance was due to a combination of higher numbers […]
BAA: Trading statement
Airport operator BAA said traffic rose 2.6% during the first five months of the year. The company’s seven UK airports handled a total of 66m passengers in the five months. Traffic growth of around 3% is forecast for the full year.
The company’s retail business is expected to report a 1% increase in net passenger spend […]
BAA: Full year results
A 6.3% increase in passenger numbers and a 1% increase in average retail passenger spend were the drivers behind BAA’s better than expected performance for the full year to March 2005. BAA reported a 7.4% increase in revenue (to £2,115m) and a 9.1% increase in operating profits to £672m.
Increased operational efficiency kept the rise in […]
BAA
Airport operator BAA has benefitted from a 6% increase in passenger numbers so far this year. BAA operates most of the UK’s major airports (running Heathrow, Gatwick, Stansted, Glasgow, Aberdeen, Southampton, and Edinburgh) and eight airports overseas. BAA also has retail management contracts with a further three US airports.
The company earns its revenue from […]
Random picks: Bradford & Bingley | Cookson | IMI | Imperial Tobacco | Misys | Next | Severn Trent | Vodafone | Wolseley | Exel