Menzies acquires ground handling business
2nd Aug 2012 08:22
Aviation services and newspaper distribution group John Menzies has acquired Flight Support, a UK based ground handling business, from Airbase Holdings. Menzies will pay an initial cash consideration of £4.75m, with a further £0.5m payable over the next two years. Flight Support is an independen
Read moreTuesday tips round-up: G4S, SThree, John Menzies
17th Jul 2012 07:00
Questor in the Telegraph takes a timely look at security firm G4S. You may have heard it mentioned recently. The issue for the firm post-Olympic debacle is reputational says Questor. Can G4S continue to win public sector work with the baggage of having ballsed up one of its highest profile contracts
Read moreLondon close: Global growth concerns weigh on stocks
16th Jul 2012 16:39
- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.
Read moreFTSE 250 moveres: John Menzies proves popular
16th Jul 2012 15:33
Aviation services and newspaper distribution group John Menzies was wanted after announcing that it is to close down its cargo operations at airports in Glasgow, Birmingham, the East Midlands and Manchester. Logica's share price was down after shareholders voted overwhelmingly in favour of CGI's r
Read moreLondon midday: Footsie flat despite heavy falls for G4S and Barclays
16th Jul 2012 11:42
- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100 UK stocks were trading broadly flat by Monday lunchtime, though sentiment had been dampened by concerns over the Chinese economy and c
Read moreJohn Menzies restructures UK cargo business
16th Jul 2012 07:42
Aviation services and newspaper distribution group John Menzies is to close down its cargo operations at airports in Glasgow, Birmingham, the East Midlands and Manchester. The restructuring, which will incur a one-off charge of up to £3m, is expected to return the UK cargo business to profitability
Read moreJohn Menzies on track to meet full year expectations
3rd Jul 2012 11:33
John Menzies, the FTSE 250 aviation services and newspaper distribution group, has said the company continues to trade well and expects the full year results to be in line with expectations. Consensus forecasts for the year ended December 31st are currently revenue of £1,953.84m, pre-tax profit of
Read moreArena Chief puts his money where his mouth is
27th Mar 2012 15:53
Mark Elliot, Chief Executive of Arena, the race course owner, has acquired over two million shares in the firm. The company announced that over 12m ordinary shares in the firm were allotted for submission onto the LSE, over 8.7m of which were allotted following vesting of awards granted pursuant t
Read moreCable and Wireless Comms CEO stocks up
12th Mar 2012 15:33
Tony Rice, the Chief Executive Officer of Cable and Wireless Commnutications, has bought up a chunk of shares in the firm, taking advantage of the stock's ongoing decreased share price. Rice, who last year earned $1.08m in a basic pay, cash bonuses of $466,000, and $2.6m from the firm's five-year
Read moreAdmiral directors rally round
26th Aug 2011 17:09
Shares in Admiral won back some recent losses after the car insurance company announced some big director purchases. Chief operating officer David Stevens and his wife Heather bought 75,450 shares at 1,324p and now have 10.3m. Non-executive director John Sussens's wife Cheryl bought 22,000 at 1,320
Read moreWednesday tips round-up: Menzies, Highland Gold, Vitec
17th Aug 2011 06:34
John Menzies may be remembered as a rival newsagent to WH Smith, but the company has spent the past decade transforming itself into an airline services business. The Edinburgh company's first-half results proved to be a landmark date in that transition, as it was the first time that profits at its c
Read moreLondon close: FTSE 100 rallies to close with gains
16th Aug 2011 16:50
The FTSE 100 found strength as the day progressed, helped by some economic data from the US, and managed to finish with gains. Sentiment had been depressed earlier on by figures on this side of the pond. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous thr
Read moreBroker tips: BATS, Pharma, Wincanton
16th Aug 2011 12:59
Nomura has raised its estimates for cigarette giant British American Tobacco, as a result of a strong first half performance and a positive second half pricing outlook. "Estimate increases are driven by encouraging first half organic performance (even ex Japan) and a positive pricing outlook going
Read moreBroker snap: John Menzies' results to lead to upgrades, says Singer
16th Aug 2011 12:50
Singer Capital Markets has kept its buy rating on aviation services and newspaper distribution group John Menzies following the firm's interim results. The results should lead to a modest uplift in full-year pre-tax profit forecasts, the broker said, with consensus likely to settle around £55m, com
Read moreLondon midday: Stocks fall back amid economic worries
16th Aug 2011 12:08
Stocks are firmly in the red as investors digest some sobering economic data both at home and abroad. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous three month period amid a sharp slowdown in growth in the trading bloc's economic powerhouse Germany. He
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