John Menzies's profits affected by Heathrow disruption, foreign exchange
19th Aug 2014 17:17
Scottish services company John Menzies saw its shares go down by nearly 3% on Tuesday after reporting that disruptions to its ground handling business at Heathrow Airport and negative foreign exchange movements had impacted results. Those disruptions were the result of British Airways accelerating
Read moreMenzies announces board changes
24th Apr 2014 09:08
The global aviation services provider and print media distributor Menzies has appointed former British Airways executive Silla Maizey as a non-executive director with effect from May 19th. Maizey was most recently Managing Director at London Gatwick, where she had roles in finance, procurement, cor
Read moreRTC Non-Exec reduces stake to meet market demand
24th Mar 2014 16:21
John White, a Non-Executive Director of RTC Group, a recruitment and conference services provider, reduced his sizeable stake in the group with the sale of another 125,000 shares on the back of market demand. White, who joined the board in 2011, sold the shares at 28.50p, spending a total of £35,62
Read morePace Chief builds stake after impressive round of results
10th Mar 2014 15:58
Michael Pulli, the Chief Executive Officer of Pace, on Monday announced he had increased his interest in the subscription television, telephony and broadband services technology design group. FTSE 250-listed Pace said he maintained 182,098 shares awarded to him under the 2011 deferred share plan,
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreHead of John Menzies' Distribution unit set to leave
17th Jan 2014 13:23
David McIntosh, Managing Director at John Menzies, a distributor and Aviation company, is set to leave the group after 25 years of service. McIntosh joined the company in 1989, and has been serving as Finance Director for Menzies Distribution since 1999. That is the company's newspaper distribution
Read moreMenzies extends magazine distribution contract
10th Jan 2014 07:36
Air freight and distribution group John Menzies has extended a major media distribution contract until 2020 on improved terms. The company's newspaper and magazine distributor division renegotiated contract terms with two of the largest magazine distributors in the UK - Frontline and Seymour. The
Read moreFTSE 250 movers: CSR climbs on strategy change
10th Dec 2013 15:39
CSR was leading the risers after announcing that it has decided to discontinue development of its camera-on-a-chip (COACH) platform, which has been sustaining losses from weak demand. The new prompted Numis Securities to maintain a 'buy' rating for the group, saying "the news is positive in increasi
Read moreTuesday tips round-up: Hilton Food, Menzies, Andor Technology
3rd Dec 2013 07:12
Things are looking good for Hilton Food Group, but after the shares' advance year-to-date the company's stock seems to have gone high enough for now. On Monday Hilton announced its intention to invest an estimated 20m pounds at its Huntingdon plant to supply Tesco with packed meat. The agreement, wh
Read moreJohn Menzies renews distribution contract with Trinity Mirror
2nd Dec 2013 07:10
Aviation services and distribution firm John Menzies announced on Monday that its newspaper and magazine wholesaling division has renewed and renegotiated contract terms with Trinity Mirror Group. Menzies Distribution has secured a new agreement which will see it continue to distribute the Mirror's
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreFTSE 250 movers: Oxford Instruments leaps on Andor Tech talks
12th Nov 2013 15:15
Oxford Instruments surged after "significant strengthening" in its second-quarter results as it revealed it was in talks to acquire AIM-listed Andor Technology. Shares in TalkTalk leapt after the company upped its dividend for the first half and raised its full-year guidance. The group said it expe
Read moreMenzies warns on full year after distribution disappoints
12th Nov 2013 09:04
- Poor conditions continue at Distribution - Aviation performs well, outlook positive - Guidance 'slightly' lowered for full year Poor trading conditions have persisted at John Menzies' distribution business, leading the company to lower its full year revenue guidance. The FTSE 250 group warned
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
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