BBA Aviation Sees 2019 Underlying Performance In Line With View

BBA Aviation plc (BBA.L) expects 2019 underlying performance to be in line with current expectations, which are based on the Signature and Ontic businesses, albeit Ontic will only be included for the ten months to 31 October.

Total revenue for Signature and Ontic increased by 10.1% year-on-year for the ten months to 31 October, this represents year on year growth of 8.3% in Signature, reflecting the EPIC acquisition which became part of the Group from 1 July 2018, and year on year revenue growth of 31.8% in Ontic.

Mark Johnstone, BBA Aviation CEO said,”The US B&GA market has grown in line with our expectations in the third quarter and our Signature outperformance has been consistent with the first half.”

The company reiterated its expectations for the second half US B&GA market being broadly consistent with the first half, with growth of around 0.3% and Signature continuing to outperform the US B&GA market at broadly the same level as the first half.

Apollo Global Management to buy Tech Data for $5.4 billion

Apollo Global Management APO, +1.11% said it is going to buy Tech Data TECD, +0.89% for $5.4 billion, or $130 a share. The deal represents a 24.5% premium to its 30-day average closing price ending Oct. 15, before there was speculation of a buyout. Tech Data closed Tuesday at $129.87. The terms say Tech Data will be permitted to actively solicit alternative acquisition proposals from third parties during a "go-shop" period from the date of the agreement until Dec. 9, 2019. The Tech Data board of directors has unanimously approved the transaction. Bank of America advised Tech Data, and Citi was lead financial adviser for Apollo.

Israel-Gaza clashes escalate after Islamic Jihad commander killed

Islamic Jihad promises to retaliate after Bahaa Abu al-Ata and his wife were killed by an Israeli air attack on Gaza City.

Palestinian groups have launched a salvo of rockets towards Israel after an Israeli air attack killed a top Islamic Jihad commander in Gaza City.

That has led to more Israeli air attacks, which have since killed another eight Palestinians.

However caretaker Prime Minister Benjamin Netanyahu said he was not seeking to escalate the attacks.

Al Jazeera’s Harry Fawcett reports from southern Israel.

Lyft driver in Virginia accused of sexually abusing passenger

In this Jan. 31, 2018, file photo, a Lyft logo is installed on a Lyft driver's car. (Photo: Gene J. Puskar, AP)

MIDLOTHIAN, Va. (AP) — A Lyft driver in Virginia is accused of sexually abusing a passenger.

Citing a Chesterfield County police statement, news outlets report 51-year-old Robert W. Sauvager has been arrested on charges of aggravated sexual battery and object sexual penetration.

Police say the passenger reported the assault at a hospital early last week, saying she’d been assaulted by her Lyft driver a few hours earlier.

Police Lt. Brad Conner says the woman had called a Lyft ride to take her from Richmond to Chesterfield. He says the woman reported being assaulted at the end of the ride, just outside of her home. Sauvager was later identified as the driver and arrested. He’s being held without bond at a regional jail. It’s unclear if he has a lawyer.

An investigation is ongoing.

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Tullow Oil cuts oil output, cash forecast for 2019 as Ghana issues persist

• The London-listed company now expects annual oil output to be 87,000 barrels of oil per day (bopd), down from an earlier forecast of 89-93,000 bopd.

Africa-focused Tullow Oilon Wednesday cut its 2019 oil production and free cash flow forecast for the year because of ongoing problems at its Ghana fields, sending its shares 20% lower.

Tullow has been struggling with its operations in Ghana due to mechanical issues at its Jubilee field and a delay in completing a well at TEN offshore field.

The London-listed company now expects annual oil output to be 87,000 barrels of oil per day (bopd), down from an earlier forecast of 89-93,000 bopd.

The company had cut its overall production twice already this year and in July said it expected output guidance to be 90,000-94,000 barrels of oil equivalent per day. (Full Story)

With global oil prices stuck around $60 a barrel and production taking a hit, Tullow expects free cash flow in 2019 to be around $350 million, down from an earlier forecast of $400 million. It said it was still focussed on reducing debt.

The outlook for gross output at its Jubilee and TEN Fields in the West African country has been reduced for 2019 because of the mechanical issues.

The constrained water injection issue at Jubilee will return to full capacity by the end of this month, but enhancements to the gas handling system are planned for early 2020, Tullow said.

Police identify, charge suspect in fatal Popeyes chicken sandwich stabbing

This undated photo provided by the Prince George's County Police Department shows Ricoh McClain. In a news release, police said they have identified and charged McClain in the fatal stabbing of a man outside a Popeyes restaurant in Maryland. (Photo: Courtesy of Prince George's County Police Department via AP)

UPPER MARLBORO, Md. — Police say they have identified and charged a suspect wanted in the fatal stabbing of a man outside a Popeyes restaurant in Maryland.

The Prince George’s County Police Department said in news release Tuesday that 30-year-old Ricoh McClain is wanted on murder charges in the death of 28-year-old Kevin Tyrell Davis.

Police Chief Hank Stawinski has said only 15 seconds elapsed from when the Nov. 4 altercation started to when it ended with the stabbing. Stawinski said Davis had been “methodically” cutting the line for the rereleased chicken sandwiches for 15 minutes before McClain confronted him.

McClain is considered armed and dangerous and police say to call 911 if he’s seen.

Popeyes resumed selling its chicken sandwich Nov. 3. It was first released in August.