AA revs engines but membership is falling - News Summed Up

AA revs engines but membership is falling


The London-listed company said that earnings were “not less than” £340 million in the year to January 31, having guided the market to a range of between £335 million and £345 million. Executives are seeking to revive the company’s fortunes. Between March 2015 and December 2018 its shares collapsed 84 per cent. The roadside services group was formed by four driving enthusiasts in 1905 and now has 13 million members. But its more recent history, since it was floated by private equity owners in 2014, has not been straightforward.


Source: The Times February 12, 2019 09:00 UTC



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