John Menzies profits up as aviation arm flies
16th Aug 2011 11:08
Aviation services and newspaper distribution group John Menzies posted a sharp rise in profits in the half year to 30 June despite declining newspaper revenues. Pre-tax profits rose to £21.4m from £20.6m over the same period the previous year on revenues that rose to £941.9m from £924m. The compan
Read moreRetailers count costs of riots
9th Aug 2011 14:42
The British Retail Consortium (BRC) said it is seeking "urgent action" on the riots that have engulfed parts of London and other English cities. Many properties across the city lay in ruins after being set ablaze in a third night of riots that appear to have been sparked by the police shooting a ma
Read moreJohn Menzies eyes 'on the move' customers with acquisition
8th Jul 2011 11:24
Newspaper supplier John Menzies's newspaper and magazine wholesaling subsidiary Menzies Distribution has acquired media management company Media on the Move for a maximum provisional cash payment of about £1.1m. It is buying the business from Journey Group, a provider of in-flight products and cate
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreLondon midday: FTSE 100 passes 6,000 points
4th Jul 2011 12:05
The top share index is above the 6,000 point mark again as the post-Greek austerity vote rally continues. The rise comes in spite of Standard & Poor´s warning that the voluntary rollover proposed by the French government and accepted by banks for 70% of Greek debt could be considered a "selective d
Read moreLondon open: Footsie struggling to pass 6,000
4th Jul 2011 08:33
The top share index has got off to an indecisive start, edging higher but failing to breach the 6,000 point barrier. Among the risers is Essar Energy, the India-focused integrated energy company. It said the general meeting to rubber stamp its proposed acquisition of the oil refinery and other asso
Read moreLondon pre-open: Seeking direction
4th Jul 2011 07:46
The market looks set to get off to a quiet start and with US markets shut for the Independence Day holiday there is every chance that the placid mood will prevail throughout the day. City traders expect the Footsie index will open a few points higher but not quite break through the 6,000 barrier, a
Read moreJohn Menzies to beat expectations as aviation arm flies
4th Jul 2011 07:31
Newspaper distributor and aviation services group John Menzies said it is now set to exceed expectations after seeing the positive start to the year continue. John Menzies's aviation division, which provides services such as checking passengers and baggage onto planes and cargo management, has expe
Read moreJohn Menzies trading in line
20th May 2011 07:30
Newspaper distributor John Menzies said it has made a good start to the year and is trading in line with company expectations. The Edinburgh based firm said trading at Menzies Aviation is ahead of last year, despite airlines experiencing headwinds. Volumes on a like for like basis were solid with c
Read moreBG finance director cashes in some chips
25th Mar 2011 18:26
BG has been a star performer among the giant oil and gas companies, thanks to its stake in the huge oil finds being made offshore Brazil and its finance director has decided to take profits on his stake in the company. Barely a week goes by without any new discovery in the Santos basin, with BG's
Read moreStrong growth in 2010 for John Menzies
8th Mar 2011 16:35
Aviation and newspaper distribution group John Menzies shrugged off the impact of volcanic activity and severe weather in 2010 to record strong growth in sales and profits. Revenues improved 6% to £1.96bn, from £1.85m, while pre-tax profits surged 70% from £22m to £37.5m, helped by the performance
Read moreTikit chairman trebles stake
30th Nov 2010 16:34
Mike McGoun, the non-executive chairman of IT services provider Tikit has invested £1.1m in the company. Tikit supplies software and services to legal and accountancy firms. McGoun has been its chairman since 1997. He has bought 497,833 shares at 221p each. That gives him 5% of Tikit. He appears
Read moreSmall caps round-up: John Menzies, Hyder Consulting, Macfarlane...
16th Nov 2010 17:37
Aviation and newspaper distribution group John Menzies announced its is trading well and continues to be highly cash generative. Profitability and debt levels for the full year are expected to be in line with expectations. The aviation division remains on track for a strong year boosted by larger c
Read moreHigh-flying Menzies to beat expectations
21st May 2010 14:44
John Menzies, the aviation and newspaper distribution group that emerged from the defunct newsagent chain of the same name, expects its full-year results to exceed forecasts after a good start to the year. The aviation continues to perform well, according to chief executive William Thomson. 'The b
Read moreTuesday tips round-up: Carphone Warehouse, Kazakhmys, WPP
27th Apr 2010 06:36
Carphone Warehouse trades on 17.2 times 2011 forecast earnings, which looks high enough. But with the US venture poised for a break-out and continuing good numbers in Europe, it could be argued the company is not as expensive as it appears to be. Buy says the Independent. The stars are aligned for
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