Edition:
India

John Menzies PLC (MNZS.L)

MNZS.L on London Stock Exchange

381.50GBp
20 Sep 2019
Change (% chg)

-13.50 (-3.42%)
Prev Close
395.00
Open
396.00
Day's High
399.00
Day's Low
379.00
Volume
123,312
Avg. Vol
101,851
52-wk High
585.00
52-wk Low
353.50

Latest Key Developments (Source: Significant Developments)

John Menzies Warns on Profit, Blames Aviation Market Challenges
Friday, 5 Jul 2019 

July 5 (Reuters) - John Menzies PLC ::MENZIES(JOHN) PLC - TRADING UPDATE.JOHN MENZIES PLC - ANNOUNCES A HALF YEAR TRADING UPDATE AHEAD OF ITS INTERIM RESULTS ANNOUNCEMENT ON 13 AUGUST 2019.JOHN MENZIES PLC - TRADING ACROSS GROUP HAS BEEN DISAPPOINTING.JOHN MENZIES - TRADING ACROSS GROUP DISAPPOINTING, REFLECTING CHALLENGES THAT WIDER AVIATION MARKET IS CURRENTLY FACING.JOHN MENZIES - PERFORMANCE IN H1 OF YEAR HAS BEEN BELOW EXPECTATIONS.JOHN MENZIES - BOARD NOW BELIEVES THAT EARNINGS FOR FULL YEAR ARE NOT EXPECTED TO EXCEED LAST YEAR.  Full Article

John Menzies appoints Giles Wilson as Chief Executive Officer
Thursday, 6 Jun 2019 

June 6 (Reuters) - John Menzies PLC ::CHIEF EXECUTIVE APPOINTMENT.SAYS GILES WILSON IS APPOINTED AS CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT.GILES WAS APPOINTED CFO OF GROUP IN JUNE 2016 AND ASSUMED POSITION OF INTERIM CHIEF EXECUTIVE OFFICER ON 12 MARCH 2019.  Full Article

EgyptAir Renews Its Contract With Menzies World Cargo
Monday, 29 Apr 2019 

April 29 (Reuters) - John Menzies PLC ::UK CONTRACT WINS AND RENEWALS.EGYPTAIR RENEWED ITS CONTRACT WITH MENZIES WORLD CARGO FOR A THREE-YEAR TERM AT LONDON HEATHROW AIRPORT.MENZIES APPOINTED PASSENGER AND RAMP HANDLING PARTNER TO JAZEERA AIRWAYS AT LONDON GATWICK AIRPORT.IAG OWNED LEVEL HAS SELECTED MENZIES AS ITS GROUND HANDLER OF CHOICE AT LONDON LUTON AIRPORT.WESTJET HAS EXTENDED ITS AGREEMENT FOR PASSENGER, FLIGHT OPERATIONS, RAMP HANDLING AND DE-ICING SERVICES AT GLASGOW AIRPORT.  Full Article

John Menzies Completes Disposal Of Menzies Distribution
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - John Menzies PLC ::COMPLETION OF DISPOSAL.DISPOSAL OF MENZIES DISTRIBUTION HAS COMPLETED.RATIFIES APPOINTMENT OF FORSYTH BLACK AS CHIEF EXECUTIVE OFFICER OF COMPANY WITH IMMEDIATE EFFECT.  Full Article

John Menzies To Sell Menzies Distribution To Investment Funds For Enterprise Value Of 74.5 Mln Stg
Thursday, 26 Jul 2018 

July 26 (Reuters) - John Menzies PLC ::CONDITIONAL AGREEMENT TO SELL MENZIES DISTRIBUTION TO INVESTMENT FUNDS MANAGED BY ENDLESS LLP, FOR AN ENTERPRISE VALUE OF £74.5 MILLION.CO WILL RETAIN A 10 PER CENT. EQUITY STAKE IN MENZIES DISTRIBUTION.MENZIES DISTRIBUTION WILL BE RESPONSIBLE FOR FUNDING OF SECTION B OF MENZIES DEFINED BENEFIT PENSION SCHEME.MENZIES AVIATION CONTINUES TO TRADE POSITIVELY AND WE REMAIN ON TRACK TO DELIVER OUR FULL YEAR EXPECTATIONS.LABOUR ISSUES WITHIN NORTH AMERICA CONTINUE TO PREVAIL.OVERALL GROUP NET DEBT IS IN LINE WITH OUR EXPECTATIONS.UPON COMPLETION OF DISPOSAL, MENZIES WILL REVERT TO A MORE STANDARD EXECUTIVE STRUCTURE.FORSYTH BLACK, CURRENTLY PRESIDENT & MANAGING DIRECTOR OF MENZIES AVIATION, WILL BE APPOINTED CHIEF EXECUTIVE OFFICER.REVISED REMUNERATION POLICY WILL BE PROPOSED AT FORTHCOMING GENERAL MEETING, TOGETHER WITH A NEW INCENTIVE SCHEME.IT IS BOARD'S CURRENT INTENTION TO AT LEAST MAINTAIN INTERIM AND FULL YEAR DIVIDEND IN LINE WITH LAST YEAR.  Full Article

John Menzies reports first-half loss

Aug 13 Aviation servicing company John Menzies Plc on Tuesday reported a first-half loss compared to a profit last year, hit by weak cargo volumes and cuts in flight schedules because of the global grounding of Boeing's 737 MAX jets.