May 17 John Menzies Plc said trading in
its core newspaper distribution business for the first four
months of 2013 was slower than last year, hurt by lower demand
for weekly magazines and discontinued titles.
The 180-year-old Edinburgh-based company, which also
provides airport services, said it did not expect to see an
improvement in its distribution business -- which contributed
about 68 percent to revenue in 2012 -- for the rest of the year.
"Sales in the magazine market have been poor with weekly
titles particularly affected by declining volumes and title
closures," the company said in a statement, adding that the
business, which supplies magazines and newspapers across the UK,
would not benefit from major events such as the Queen's Diamond
Jubilee and the Olympics that took place last year.
Trading was stronger than the previous year in the aviation
business, which provides ticketing, cargo, baggage and check-in
services at 131 airports. Sales at the division's largest ground
handling business were up 10 percent.