The AA confirmed that 'positive' momentum seen in the first half of the year had continued into the second, keeping the company on track to meet its full-year expectations.

Trading EBITDA and free cash flow for the full year was expected to be in line with market expectations, the company said.

In the wake of continued positive performance, the AA said it would use some of the cash generated to buyback and tender for outstanding bonds in the market.

The company also intended to pursue a range of debt tenders, redemptions and issuances over the coming months.

At 8:30am: (LON:AA.) AA Plc share price was +1.72p at 45.2p