Chairman Sir Michael Perry said the improved performance was down to lower costs for its gas production arm, but added that he expected the AA to provide new avenues for growth. He said: 'The acquisition of the AA was an important milestone in the development of our strategy. It provides the opportunity to forge new relationships with more than 10 million AA customers and brings the considerable strength of the AA brand alongside British Gas and Goldfish.'
AA loses £30 million
02/03/2000 in NEWS