LONDON, June 23, 2014 /PRNewswire/ --
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Today, Earnings Review released its analysts' notes regarding TUI Travel Plc (LON: TT), BBA Aviation Plc (LON: BBA), Grainger Plc (LON: GRI), Home Retail Group Plc (LON: HOME) and Regus Plc (LON: RGU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4003-100free.
-- TUI Travel Plc Analyst Notes On May 13, 2014, TUI Travel Plc (TUI) released its financial report for H1 FY 2014 (period ended March 31, 2014), showing better-than-expected bottom line results despite the later timing of Easter this year and the capacity reduction in France. The Company's underlying operating loss during the period stood at GBP298 million, compared to GBP289 million in the comparable year-ago period. TUI managed to beat the Morgan Stanley's analyst expectations of a loss of GBP305 million for the period. Hit by the Easter timing, which fell in April this year, the Company said its revenue during the six months ended March 2014 fell 3.8% YoY to GBP5.2 billion. Last year the Easter holidays fell in March, helping the Company's performance in H1 FY 2013. Looking ahead, the Company expects to deliver FY 2014 underlying operating profit growth of between 7% to 10% on a constant currency basis. The full analyst notes on TUI Travel are available to download free of charge at:
-- BBA Aviation Plc Analyst Notes On May 20, 2014, BBA Aviation Plc (BBA Aviation) announced that Mike Powell has been appointed to the Board as Group Finance Director with effect from July 1, 2014. The Company informed that he will succeed Mark Hoad, who will step down on June 30, 2014. Commenting on the development, Simon Pryce, BBA Aviation, CEO, said, "We are delighted to welcome Mike to BBA Aviation. He has an excellent track record as a Group Finance Director with extensive experience working across all aspects of group finance on an international basis and will be a great asset to the Group. We look forward to working with Mike and to his positive contribution as we continue to execute effectively on our growth strategy." The full analyst notes on BBA Aviation are available to download free of charge at:
-- Grainger Plc Analyst Notes On June 13, 2014, Grainger Plc (Grainger) announced the purchase of 96 acres of land in Bordentown Township, with plans to build a 1.3 million square-foot distribution center, scheduled to open in 2016. The Company intends to employ more than 400 individuals, mainly in warehouse operations, once the new facility is operational. Grainger expects these jobs to be occupied by a mix of both, existing employees and new hires. Paige Robbins, Vice President, Americas Supply Chain, Grainger, commented, "Our new distribution center will allow us to get more products next day to our customers in the Northeast, so they have what they need to help keep their operations running and their people safe. Grainger has been in New Jersey since 1933, and we're looking forward to becoming an active member of the Bordentown Township business community." The full analyst notes on Grainger are available to download free of charge at:
-- Home Retail Group Plc Analyst Notes On June 18, 2014, Home Retail Group Plc (Home Retail) issued a press release to inform that High Streets Minister Brandon Lewis has launched national competition to find Britain's best high streets, as latest reports suggest increasing optimism among shoppers and growing popularity of 'click-and-collect' services. Launching the Great British High Street Awards, Brandon said "Whether it is a market town, coastal village or city centre, there are so many high streets across Britain doing fantastic work and now every community will be able to get behind their home town's bid to show how popular they are." According to the release, the competition comes as new analysis by Experian found that high street managers and shop owners are optimistic about future, thanks to improving economy and growing popularity of convenience shopping. The full analyst notes on Home Retail are available to download free of charge at:
-- Regus Plc Analyst Notes On June 10, 2014, Regus Plc (Regus) announced an agreement with Birmingham Airport to open a new Regus Express Lounge at the Airport later this year. According to Regus, the lounge will help air travelers to utilize their time better and do business on the journey. The Company informed that Regus Express Lounge at Birmingham will provide office or meeting space for anyone arriving at or departing from the airport, helping business people and mobile workers by eliminating their struggle to work or meet in noisy concourses or lounges when doing their jobs on the go. The Company stated that the Regus Lounge at Birmingham will include meeting rooms and a business lounge, with secure wi-fi, access to office facilities like printers and scanners, free refreshments and professional administration support to both domestic and international passengers. The full analyst notes on Regus are available to download free of charge at:
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