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John Menzies PLC (MNZS.L)

MNZS.L on London Stock Exchange

640.50GBp
24 Mar 2017
Change (% chg)

4.00 (+0.63%)
Prev Close
636.50
Open
637.00
Day's High
642.00
Day's Low
630.50
Volume
369,503
Avg. Vol
83,896
52-wk High
642.00
52-wk Low
406.76

Latest Key Developments (Source: Significant Developments)

UK's CMA says served initial enforcement order on Menzies-ASIG deal
Thursday, 2 Feb 2017 02:19am EST 

:Competition and Markets Authority serves initial enforcement order under section 72(2) of Enterprise Act 2002 on Feb. 1, in relation to completed acquisition by anticipated acquisition by Menzies Aviation Plc and Menzies Aviation Inc. Of Asig Holdings Limited and Asig Holdings Corp.  Full Article

UK's CMA to consider undertaking in John Menzies ASIG deal
Tuesday, 3 Jan 2017 02:30am EST 

UK's Competition and Markets Authority :To look at Menzies' undertakings offer in detail on anticipated acquisition of ASIG Holdings Limited and ASIG Holdings Corp..  Full Article

UK's CMA says investigating Menzies deal to buy BBA unit
Tuesday, 25 Oct 2016 10:17am EDT 

UK's Competition and Markets Authority (CMA):Considering whether acquisition by Menzies Aviation Plc of Asig Holdings Limited, will result in creation of a relevant merger situation.  Full Article

John Menzies H1 underlying profit rises, flags impact from new UK wage
Tuesday, 16 Aug 2016 02:00am EDT 

John Menzies Plc : H1 revenue 1.00 bln stg versus 1.00 bln stg year ago . H1 pretax profit 3.0 mln stg versus 5.8 mln stg year ago . Interim dividend up 8 pct to 5.4 pence per share . Exceptional items charged in period were 10.0 mln stg(2015: 6.2 mln stg) relating to a goodwill write-down (7.2 mln stg) and net transactional costs of 2.8 mln stg . Expects full year outturn to be in line with our expectations even before allowing for positive impact of foreign exchange rates . Additional wage cost in 2016 is now estimated to be 1.6 mln stg, and we are on track to mitigate this increase with a number of improvement initiatives . Benefitted from cover price increases in period and from one-off events such as EU referendum . Aviation turnover up 7 pct in H1 . Media declines offset by strong Euro 2016 stickers sales .New UK national living wage legislation commenced in April 2016 and as expected, has had a significant impact on our distribution business.  Full Article

John Menzies says Giles Wilson to join as CFO from June 1
Monday, 23 May 2016 10:57am EDT 

John Menzies Plc :Giles Wilson will be appointed as chief financial officer with effect from 1 June 2016 and not 1 July 2016 as previously announced.  Full Article

John Menzies says trading in line with expectations up to April end
Friday, 20 May 2016 02:00am EDT 

John Menzies Plc : Made a good start to year and is trading in line with board's expectations .Menzies aviation is trading ahead of last year with revenue growth in period up 7% at constant currency..  Full Article

John Menzies chairman to retire
Wednesday, 18 May 2016 02:30am EDT 

John Menzies Plc : Iain Napier, chairman, has informed company of his wish to retire, in line with reduction of his other plc responsibilities . Naiper will therefore step down following conclusion of annual general meeting to be held on 20 may 2016 .Dermot Jenkinson, currently a non-executive director of group, will become interim chairman.  Full Article

John Menzies Plc announces acquisition of e-commerce logistics company
Tuesday, 9 Jun 2015 02:00am EDT 

John Menzies plc:Says earnings enhancing acquisition of AJG Parcels Ltd (AJG), by its logistical services subsidiary Menzies Distribution, for cash consideration of 7.5 mln Pounds.Acquisition of AJG Parcels forms an important step in realising potential of our Distribution business, as we seek to participate in growing e-commerce parcel market by better utilising our asset base during daylight hours.  Full Article

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