BBA Aviation has agreed to buy fuel and fuel-related services supplier EPIC Fuels for a cash consideration of $88.1m.
Centrica: Morgan Stanley downgrades to underweight with a target price of 115p.
BBA Aviation said its trading performance in the first quarter of 2018 remained in line with expectations, with revenue for the period up 9.7% year-on year, adding it expected to meet full year expectations.
Standard Life Aberdeen: Deutsche Bank upgrades to buy with a target price of 440p.
BBA Aviation flew back into the black on Thursday as it reported pre-tax profits of $175.5m compared with a loss of $82.2m a year earlier.
Like the day before, it was some of the more defensive issues in the market that bore the brunt of selling despite the rout in equities worldwide, with recent slight shifts in expectations for policy tightening by the Federal Reserve in 2018 apparently triggering a sharp rise in stockmarket volatility as government bonds markets in the US, and elsewhere, came under pressure.
Thomas Cook Group plc: Morgan Stanley upgrades to overweight with a target price of 140p.
UK businesses that are resilient to a domestic slowdown and have significant exposure to growing overseas markets are the foundation for JP Morgan Cazenove's top small and mid-cap share picks for 2018, including BBA Aviation, Clarkson and Hollywood Bowl.
BBA Aviation has ended a seven-month search for a new chief executive by appointing internal candidate Mark Johnstone to run the company.
BBA Aviation said on Tuesday that it swung to a profit in the first half as it lifted its dividend by 5%.
BBA Aviation chief executive Simon Pryce has stepped down after 10 years at the aviation support services provider, with non-executive director Wayne Edmunds taking the role on an interim basis until a permanent successor is found.
BBA Aviation has been downgraded to 'neutral' from 'buy' by Citigroup, with the US bank highlighting recent turbulence in foreign currency markets and a 66% jump in the share price over the past twelve months as reasons to chart a lower flight-path for the stock.
Deutsche Bank is sounding a somewhat cautious note on the outlook for Pearson until the company provides greater detail on its cost-cutting plans.
BBA Aviation: Citigroup downgrades to Neutral with a target price of 330p.
Aviation services company BBA said trading remained in-line with expectations, with revenue up 19% year-on-year in the four months to April, reflecting contributions from acquisitions and organic growth.
Tullow Oil: Deutsche Bank upgrades to Buy with a target price of 330p.
Private aircraft services provider BBA Aviation on Wednesday posted a full year pre-tax loss of $82.2m after taking in $316m in exceptional items.
BBA Aviation, a FTSE 250 aviation services company, has completed the sale of its refuelling business ASIG to Scottish distribution firm John Menzies for $202m.
BBA Aviation's aircraft management and charter business has merged with Gama Aviation's US aircraft management business.
BBA Aviation said third-quarter trading and cash flow remained in-line with its full year expectations, with revenue up 27% in what has been a transformative year to date.