Director dealings: Menzies director ups stake
28th Sep 2018 16:07
(Sharecast News) - John Menzies non-executive director Philipp Joeinig acquired 49,695 ordinary shares in the aviation and distribution services business on Friday.
Read moreBBA Aviation and John Menzies complete $202m refuelling deal
1st Feb 2017 08:22
(ShareCast News) - BBA Aviation, a FTSE 250 aviation services company, has completed the sale of its refuelling business ASIG to Scottish distribution firm John Menzies for $202m. Of the $202m, about $160m will be received after tax, professional transaction fees, and other costs, which will be used
Read moreJohn Menzies continues to trade in line
12th Jan 2017 16:02
(ShareCast News) - John Menzies posted a trading update for the year to 31 December on Thursday, reporting that since the previous update on 23 November, trading across the group continued to meet the board's expectations. The London-listed firm said that its Menzies Aviation division continued to t
Read moreJohn Menzies shuffles board and secures new debt
23rd Nov 2016 09:15
(ShareCast News) - Scottish Aviation company John Menzies has appointed two new board members and finalised a loan agreement for the recent $202m acquisition of Aircraft Service International Group (ASIG). The group has signed a new syndicated bank facility of $250m term loan and a £150m rolling cre
Read moreJohn Menzies appoints new Chairman
19th Jul 2016 16:04
(ShareCast News) - John Menzies, the Scottish distribution and aviation company, have announced the appointment of Dr Dermot F Smurfit as its new chairman on Tuesday. Dr Smurfit is currently chairman of Powerflute and ML Capital as well as a non-executive director of Timber Capital and The Forest Co
Read moreJohn Menzies and Oman Air agree to work on handling joint venture
31st May 2016 08:56
(ShareCast News) - John Menzies has secured a pre-contract agreement towards winning a major ground handling deal with Oman Air. Menzies Aviation and Oman Air have signed a memorandum of understanding confirming their intention to work together, which they will follow up with due diligence in order
Read moreJohn Menzies' aviation, distribution divisions progressing well
20th May 2016 12:54
(ShareCast News) - John Menzies has made a good start to the year, in line with directors' views, and said both its aviation and distribution divisions are progressing well. In a trading update for the four months to 30 April, the support services group said Menzies Aviation was trading ahead of las
Read moreJohn Menzies boss steps down
13th Jan 2016 10:36
(ShareCast News) - John Menzies chief executive Jeremy Stafford has resigned from the logistics company for personal reasons. Stafford joined the company in October 2014, nearly a year after he left Serco in the wake of allegations the company overcharged taxpayers to electronically tag offenders.
Read moreJohn Menzies plunges after posting 60% drop in profit
18th Aug 2015 08:44
(ShareCast News) - Shares in luggage handler John Menzies fell after the company posted a 60% drop in pre-tax first half profits. At 0907 BST shares in the airport handling company had fallen by 6.77%% to 463.05p. Pre-tax first half profit was down to £5.8m from £14.2m the year before, due to the l
Read moreJohn Menzies acquires AJG Parcels for £7.5m
9th Jun 2015 08:36
Support services provider John Menzies said its subsidiary Menzies Distribution has acquired AJG Parcels for £7.5m. AJG handles over 3m parcels every year in the Scottish Highlands and Islands, the London-listed company said, adding the acquisition was an important step in realising the potential of
Read moreSunday newspaper round-up: Scottish taxes, EU offensive, Tesco
10th May 2015 16:26
Directors of Standard Life are preparing to issue a coded warning on the dangers of Scotland's tax regime diverging from the rest of the UK as business people fret over the fallout from the Scottish National Paty's landslide victory. - Financial Times David Cameron will launch a 100-day policy offen
Read moreJohn Menzies cuts dividend as full-year profits fall
10th Mar 2015 09:58
John Menzies said on Tuesday that operational difficulties at London Heathrow airport will impact its first half of 2015, leading it to cut its dividend to enable new investment. Newspaper and magazine like-for-like sales in the distribution division in 2014 were down 3%, but its Orbital marketing s
Read moreAnother Quindell director tops up his stake
7th Nov 2014 15:06
Yet another boardmember at Quindell has bought shares in the law, insurance and technology conglomerate, the company announced on Friday. Bickleigh Ridge, a company controlled by non-executive director Steve Scott and his family, has bought 175,000 shares at a price of 120.88p a share, equal to £211
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreJohn Menzies issues warning over aviation profit
5th Nov 2014 10:08
Aviation services and newspaper distribution group John Menzies warned on annual profits in its aviation and ground handling operation due to regulatory changes. Following the announcement, the Edinburgh-based firm said it would address the problems in the aviation division and revealed that the man
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