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United Kingdom

John Menzies PLC (MNZS.L)

MNZS.L on London Stock Exchange

456.50GBp
24 May 2019
Change (% chg)

-19.50 (-4.10%)
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Open
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Volume
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668.00
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Latest Key Developments (Source: Significant Developments)

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 declares interim dividend of 6 pence/shr
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - JOHN MENZIES PLC ::H1 PRETAX PROFIT 500,000 STG VERSUS 3.0 MILLION STG YEAR AGO.H1 REVENUE 1.217 BILLION STG VERSUS 1.002 BILLION STG YEAR AGO.INTERIM DIVIDEND 6 PENCE PER SHARE.FIRMLY ON TRACK TO MEET BOARD'S EXPECTATIONS FOR FULL YEAR​.‍HAS CONTINUED TO TRADE WELL SINCE PERIOD END​.  Full Article

John Menzies comments on DX statement
Friday, 14 Jul 2017 

July 14 (Reuters) - DX (Group) Plc :Response to DX (Group) Plc announcement.Will continue to work with DX to establish impact, if any, of DX's announcement on proposed combination of DX and John Menzies' distribution division.  Full Article

Menzies says considering position after DX probe news
Friday, 9 Jun 2017 

June 9 (Reuters) - John Menzies Plc ::Response to DX (Group) Plc announcement.‍Board of John Menzies is considering its position and will make a further announcement as and when appropriate.  Full Article

DX, John Menzies ‍boards announce agreed revised terms of transaction​
Monday, 5 Jun 2017 

June 5 (Reuters) - DX (Group) Plc : :John Menzies' distribution division - update.‍update on proposed combination of DX and John Menzies' distribution division​.‍boards of DX and John Menzies today announce agreed revised terms of transaction​.DX (group) - ‍based on a joint assessment, boards estimate that combination would generate cost synergies of around £10 million per annum​.‍envisaged that DX would acquire Menzies distribution for consideration, on a cash and debt free basis, comprising £40 million in cash​.Co would also ‍issue new DX ordinary shares representing 65% of DX's issued share capital as enlarged by transaction​.‍cash consideration would be satisfied by new borrowings by enlarged group​.‍current DX shareholders would therefore own, in aggregate, 35% of DX's enlarged issued share capital​.DX (group) - ‍proposed that approximately 17% of john Menzies' defined benefit pension scheme would transfer to enlarged group as part of transaction​.DX (group) - ‍john Menzies intends to raise gross proceeds of about £30 million by way of a conditional cash placing of new shares, largely to institutional investors​.‍proceeds of placing would be retained by john menzies post completion of transaction​.dx (group) - ‍in light of revised terms, gatemore, owner of 21.3% of DX, has entered into an irrevocable undertaking to vote in favour of resolutions​.‍boards of DX and John Menzies continue to anticipate transaction will be completed during summer of 2017​.  Full Article

John Menzies eyes strategic options after soft start to 2019

UK aviation servicing company John Menzies Plc has appointed Swiss private equity fund manager Christian Kappelhoff-Wulff to its board and formed two new committees to consider strategic and structural options for the company.