UPDATE 1-John Menzies lifts FY forecasts as trading strong

* Says FY results to be 'well above' expectations

* Shares up 8 percent

(Adds detail)

LONDON, Nov 11 (Reuters) - Newspaper distribution and aviation services firm John Menzies (MNZS.L) Plc said its full year results would be well above current expectations following strong trading and cost cutting initiatives.

The company said on Wednesday its distribution business had benefited from the award of substantial contracts in the second half of the year following the administration of Surridge Dawson which have significantly expanded the business.

Menzies said the rate of deterioration in its aviation business appears to be levelling although cargo volumes remain significantly behind last year.

In an interview with Reuters, Finance Director Paul Dollman said the company was guiding analysts to raise forecasts for operating profit by about 4 million pounds ($6.70 million).

"The consensus for aviation was about 12 million and we are now saying at least 14 and the consensus for distribution was about 25 million and we are saying it is going to be nearer 27," he said.