for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

John Menzies plc

MNZS.L

Latest Trade

74.80GBp

Change

-9.20(-10.95%)

Volume

657,704

Today's Range

66.90

 - 

82.90

52 Week Range

66.90

 - 

502.75

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

John Menzies Says In Talks With Its Lending Banks

March 27 (Reuters) - John Menzies PLC <MNZS.L>::TRADING UPDATE / COVID-19 UPDATE.IMPACT ON BUSINESS OF SPREAD OF COVID-19 VIRUS HAS INCREASED SIGNIFICANTLY AND EXTENDED ACROSS ALL OF OUR INTERNATIONAL OPERATIONS.IN PERIOD SINCE 10 MARCH, SEEN INTERNATIONAL AND DOMESTIC AIRLINE CUSTOMERS GROUND PASSENGER FLIGHTS ON AN UNPRECEDENTED SCALE.SIGNIFICANT ONGOING REDUCTIONS IN ACTIVITY FOR CORE OPERATIONS, WITH NUMBER OF FLIGHTS HANDLED IN PAST TWO WEEKS DOWN BY OVER 60%.DYNAMICS IN CARGO SECTOR ARE MORE MIXED, WITH INCREASES IN ACTIVITY IN CERTAIN AREAS.VOLUMES OVERALL WERE DOWN APPROXIMATELY 20% IN PAST TWO WEEKS.DETERMINED THAT IT IS NOT POSSIBLE TO PROVIDE FINANCIAL GUIDANCE FOR REMAINDER OF CURRENT FINANCIAL YEAR.TIGHT FOCUS ON COST MANAGEMENT, DEFERRAL OF NON-ESSENTIAL CAPITAL INVESTMENT, SELECTED ASSET SALES AND SUSPENSION OF DIVIDEND PAYMENTS.AS PART OF OUR COST REDUCTION INITIATIVES, WE HAVE REDUCED GLOBAL HEADCOUNT BY OVER 17,500.AWAIT REFINEMENT OF ELIGIBILITY CRITERIA FOR COVID CORPORATE FINANCING FACILITY (CCFF) WHICH WE CURRENTLY DO NOT CURRENTLY QUALIFY FOR.ENGAGED IN CONSTRUCTIVE DISCUSSIONS WITH OUR LENDING BANKS.

John Menzies Plc Says Coronavirus Outbreak Likely To Have Adverse Profit Impact In Year Of About £6-9 Mln

Feb 27 (Reuters) - John Menzies PLC <MNZS.L>::MENZIES(JOHN) PLC - TRADING STATEMENT: JOHN MENZIES PLC.GROUP MADE SIGNIFICANT PROGRESS DURING FY19 IN ESTABLISHING A PLATFORM FOR LONG TERM, SUSTAINABLE GROWTH.SUCCESSFUL RE-FINANCING OF GROUP WAS AGREED WITH OUR BANKING SYNDICATE IN JAN.GROUP HAS EXTENDED ITS CURRENT LEVELS OF FACILITIES AT £325M THROUGH TO 2025.OUTBREAK AND CONTINUED SPREAD OF COVID-19 (CORONAVIRUS) IS HAVING A DIRECT IMPACT ON OPERATIONS OF GROUP.COVID-19 IMPACT HAS BEEN AT ITS GREATEST WITHIN OPERATIONS IN MACAU AND WHERE WE HANDLE CHINESE CARRIERS ACROSS NETWORK.DIFFICULT TO ASSESS HOW EXTENSIVE COVID-19 IMPACT COULD BE AT THIS POINT.LIKELY TO BE ADVERSE PROFIT IMPACT IN YEAR OF ABOUT £6-9M ASSUMING IMPACT OF VIRUS SUBSIDES TOWARDS END OF QUARTER TWO.GIVEN OTHERWISE UNDERLYING POSITIVE MOMENTUM OF BUSINESS, COVID-19 IMPACT "HEADWIND IS DISAPPOINTING".

John Menzies Says Remains Broadly In Line With FY View

Nov 28 (Reuters) - John Menzies PLC <MNZS.L>::TRADING UPDATE.COST REDUCTION PROGRAMME THAT DELIVERS AT LEAST £10M OF SAVINGS HAS BEEN IMPLEMENTED.AFTER ALLOWING FOR FOREIGN EXCHANGE MOVEMENTS, GROUP REMAINS BROADLY IN LINE WITH BOARD'S FULL YEAR EXPECTATIONS.NET DEBT CONTINUES TO TRACK AS PLANNED.CONCLUDED A LEGACY LEGAL CASE THAT HAS RESULTED IN AN INFLOW OF C£10M WHICH WILL HAVE A POSITIVE IMPACT ON NET DEBT POSITION.

John Menzies Appoints Alvaro Gomez-Reino CFO

Oct 14 (Reuters) - John Menzies PLC <MNZS.L>::CFO APPOINTMENT.ANNOUNCE APPOINTMENT OF ALVARO GOMEZ-REINO AS CHIEF FINANCIAL OFFICER.ALVARO WILL TAKE UP HIS POST AND JOIN BOARD OF DIRECTORS ON 1 DECEMBER 2019.ADDITION OF MERVYN AND ALVARO COMPLETES SENIOR LEADERSHIP TEAM.FOLLOWING THESE APPOINTMENTS, WE CAN CONFIRM CREATION OF AN EXECUTIVE MANAGEMENT BOARD.BOARD WILL BE CHAIRED BY PHILIPP JOEINIG, EXECUTIVE CHAIRMAN.

Menzies(John) Says Multiple Contract Secured For Menzies Aviation

Oct 1 (Reuters) - John Menzies PLC <MNZS.L>::MULTIPLE CONTRACT WINS FOR MENZIES AVIATION.MULTIPLE CONTRACT WINS FOR MENZIES AVIATION.HAS AGREED A THREE YEAR CONTRACT WITH LUFTHANSA AT GLASGOW AIRPORT FROM DECEMBER 2019.EDELWEISS AIR HAS SELECTED CO AS ITS GROUND HANDLER AT EDINBURGH AIRPORT.WIZZ AIR RENEWED ITS PASSENGER, RAMP, CLEANING AND DE-ICING CONTRACT WITH CO FOR A THREE YEAR TERM AT LONDON GATWICK AIRPORT.TAP AIR PORTUGAL HAS RENEWED ITS GROUND HANDLING CONTRACT WITH CO FOR THREE YEARS.

John Menzies' HY Hurt By Global Grounding Of Boeing 737 MAX Jets

Aug 13 (Reuters) - John Menzies PLC <MNZS.L>::INTERIMS RESULTS ANNOUNCEMENT.FIRST HALF RESULTS IMPACTED BY BUSINESS LOSSES IN H2 OF 2018, WEAK CARGO VOLUMES AND GROUNDING OF BOEING 737 MAX AIRCRAFT.HY TOP LINE REVENUE £649.9M, INCREASE OF £22.7M ON H1 2018.HY UNDERLYING OPERATING PROFIT £17.9M, DOWN £3.0M ON H1 2018 FOLLOWING CHALLENGING TRADING PERIOD FOR BUSINESS.FIRST HALF RESULT WAS IMPACTED BY LOSS OF EXCLUSIVE LICENCES IN H2 LAST YEAR AND GENERALLY WEAKER MARKETS.CONTINUE TO DRIVE A COMPANY-WIDE FOCUS ON COST REDUCTION, CUSTOMER ENGAGEMENT AND OPERATIONAL DISCIPLINE.DECLARED AN INTERIM DIVIDEND OF 6.0P PER SHARE WHICH IS PAYABLE ON 15 NOVEMBER 2019.EXPECTATION FOR 2020 REMAINS UNCHANGED.OUR MEDIUM TO LONG TERM OUTLOOK REMAINS POSITIVE WITH STRONG MARKET DYNAMICS AND SIGNIFICANT OPPORTUNITIES FOR GROWTH.WE HAVE ALREADY STARTED TO SEE BENEFITS OF ACTIONS TAKEN DURING FIRST HALF OF 2019.GROUP REPORTED A CONTINUING OPERATIONS LOSS BEFORE TAX OF £4.4M IN HY (H1 2018: PROFIT £8.3M).AMERICAS REGION EXPERIENCED A STABLE FIRST HALF.LABOUR MARKET IN AMERICAS REMAINS TIGHT BUT WE HAVE MADE PROGRESS IN REDUCING STAFF TURNOVER THROUGH IMPROVED PAY AND CONDITIONS.AS PART OF OUR ONGOING OPERATIONAL STRATEGY, WE HAVE CLOSED SEVERAL UNPROFITABLE OPERATIONS IN USA.CLOSED OUR OPERATION IN ABERDEEN AFTER PRIOR PERIOD CONTRACT LOSSES AND FURTHER FLIGHT SCHEDULE REDUCTIONS.

John Menzies Says Philipp Joeinig To Succeed Dermot Smurfit As Chairman

July 12 (Reuters) - John Menzies PLC <MNZS.L>::BOARD CHANGES.DERMOT F SMURFIT HAS NOTIFIED BOARD OF HIS INTENTION TO STEP DOWN AS CHAIRMAN OF BOARD.PHILIPP JOEINIG, A CURRENT NON-EXECUTIVE DIRECTOR OF GROUP, WILL SUCCEED DERMOT.CO'S TRANSFORMATION IS NOW COMPLETE AND MENZIES IS A PURE PLAY AVIATION SERVICES BUSINESS.SENIOR INDEPENDENT DIRECTOR, DAVID GARMAN, WILL BECOME DEPUTY CHAIRMAN.

John Menzies Warns on Profit, Blames Aviation Market Challenges

July 5 (Reuters) - John Menzies PLC <MNZS.L>::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.

John Menzies appoints Giles Wilson as Chief Executive Officer

June 6 (Reuters) - John Menzies PLC <MNZS.L>::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.

John Menzies Forms Two Board Committees, Appoints Christian Kappelhoff-Wulff To Board

May 23 (Reuters) - John Menzies PLC <MNZS.L>::MENZIES(JOHN) PLC - BOARD APPOINTMENT AND NEW COMMITTEES.JOHN MENZIES PLC - APPOINTMENT OF CHRISTIAN KAPPELHOFF-WULFF TO BOARD AS A NON-EXECUTIVE DIRECTOR.JOHN MENZIES PLC - FORMATION OF TWO NEW BOARD COMMITTEES..JOHN MENZIES - STRATEGIC COMMITTEE WILL BE TASKED WITH KEEPING UNDER REVIEW DELIVERY OF GROUP'S STRATEGY AND STRUCTURE.JOHN MENZIES - STRATEGIC COMMITTEE WILL EVALUATE ALL FUTURE KEY STRATEGIC DECISIONS.JOHN MENZIES - PERFORMANCE MANAGEMENT COMMITTEE WILL PERFORM REGULAR REVIEWS OF OPERATIONS ENSURING ATTAINMENT OF KEY OPERATIONAL, COMMERCIAL METRICS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up