As set out in the Circular, the Cancellation constitutes a reduction of capital for the Company under the Companies Act 2006 and therefore requires, and is conditional upon, approval of the Company’ s shareholders and confirmation by the Court of Session, Edinburgh, and approval of its preference shareholders voting as a separate class. Accordingly, the...
Aviation services group John Menzies has been impacted by the 737 Max grounding, reporting an interim pre-tax loss of £4.4m, compared with a pre-tax profit of £8.3m last year. Revenues increased from £627m to £650m. The company says the grounding led to a number of airlines failing to fly to their stated schedules. It was also affected by weak cargo volumes and the loss of exclusive licences in Panama and the Dominican Republic in the second half of 2018.
·Cost and efficiency programme progressing to deliver at least £10 m of annualised savings by 2020. ·Top line revenue £649.9 m, increase of £22.7 m on H1 2018. ·Underlying operating profit £17.9 m, down £3.0 m on H1 2018 following challenging trading period for the business, as outlined in trading update of 5 July 2019.
In conformity with Rule 5.6. 1 of the FCA’ s Disclosure Guidance and Transparency Rules, the Company hereby notifies the market of the following:. The Company holds 181,642 of its ordinary shares of £0.25 each in Treasury and has 84,451,849 Ordinary Shares in issue. The Company has 84,270,207 Ordinary Shares in issue.
RNS Number: 3086 F Menzies PLC 12 July 2019 12 July 2019. Dr Smurfit joined the Board in July 2016 and oversaw the $202 m transformational acquisition of ASIG Ltd, successfully sectioned the defined benefit pension scheme and, most recently, completed the sale of Menzies Distribution, exiting the Group from the print media logistics sector.
RNS Number: 3086 F Menzies PLC 12 July 2019 12 July 2019. Dr Smurfit joined the Board in July 2016 and oversaw the $202 m transformational acquisition of ASIG Ltd, successfully sectioned the defined benefit pension scheme and, most recently, completed the sale of Menzies Distribution, exiting the Group from the print media logistics sector.
Notification of Transactions by Persons Discharging Managerial Responsibilities. The following notifications are made pursuant to Article 19 of the Market Abuse Regulation:. For further information, please contact:.
A trading update from John Menzies (MNZS) has sent shares plummeting by 17 per cent this morning. Revealing “disappointing” trading across the group in the face of weak cargo volumes and flight schedule reductions, first half performance has been below expectations. Full year earnings are not expected to exceed last year. “The overall aviation market is having a difficult year”, says chief executive Giles Wilson. “This is inevitably having an impact on our full year outturn.” The group is hoping that the previously announced cost rationalisation programme, revitalisation of its commercial offering and greater focus on returns from the deployment of its systems can underpin a recovery.
Aviation services company John Menzies warned Friday that full year earnings are not expected to exceed last year’s numbers, after the first half fell below expectations. The company said trading had been “disappointing,” thanks to broader challenges in the aviation market, including weak cargo volumes and flight schedule reductions. John Menzies, which is looking to reduce costs by at least £10m, said it remained confident that the actions taken in the current year would underpin the board's expectations for 2020.
RNS Number: 5778 E Menzies PLC 05 July 2019. John Menzies plc, the global aviation services business, today announces a half year trading update ahead of its Interim results announcement on 13 August 2019.. As previously announced, the Group has been implementing several actions including a cost rationalisation programme that will deliver at least £10 m of...
RNS Number: 5778 E Menzies PLC 05 July 2019. John Menzies plc, the global aviation services business, today announces a half year trading update ahead of its Interim results announcement on 13 August 2019.. As previously announced, the Group has been implementing several actions including a cost rationalisation programme that will deliver at least £10 m of...
In conformity with Rule 5.6. 1 of the FCA’ s Disclosure Guidance and Transparency Rules, the Company hereby notifies the market of the following:. The Company holds 181,642 of its ordinary shares of £0.25 each in Treasury and has 84,451,419 Ordinary Shares in issue. The Company has 84,269,777 Ordinary Shares in issue.
MENZIES AVIATION UK SECURES EASYJET CONTRACT AT LONDON LUTON AIRPORT. 10 JUNE 2019, EDINBURGH: John Menzies plc, the global aviation services business, is delighted to confirm that easyJet has awarded the Group a new long term ground handling contract at their home base in London Luton Airport. Breathing new life into the UK business and service offering,...
RNS Number: 3508 B Menzies PLC 06 June 2019 6 June 2019. John Menzies plc, the global aviation services business, today announces that following a full search process Giles Wilson is appointed as Chief Executive Officer with immediate effect. Having joined the Group in 2011, Giles has held a variety of senior roles, including Finance Director of Menzies Aviation...
In conformity with Rule 5.6. 1 of the FCA’ s Disclosure Guidance and Transparency Rules, the Company hereby notifies the market of the following:. The Company holds 181,642 of its ordinary shares of £0.25 each in Treasury and has 84,445,909 Ordinary Shares in issue. The Company has 84,264,267 Ordinary Shares in issue.
RNS Number: 8993 Z Menzies PLC 23 May 2019 23 May 2019. Board Appointment and new Committees. Christian is the founder and Chief Executive Officer of Lakestreet Capital Partners AG, an investment firm based in Zug, Switzerland.
Results of Annual General Meeting. The Company’ s AGM was held today at 14:00. All resolutions were voted on by poll.
With the investments made in systems and processes over the last three years and the completion of a management review, the Group has commenced an efficiency improvement programme which is expected to reduce our ongoing cost base by over £10 m across both our central and regional operations. Within the Americas region, the price adjustments secured during...
In conformity with Rule 5.6. 1 of the FCA’ s Disclosure Guidance and Transparency Rules, the Company hereby notifies the market of the following:. The Company holds 181,642 of its ordinary shares of £0.25 each in Treasury and has 84,440,691 Ordinary Shares in issue. The Company has 84,259,049 Ordinary Shares in issue.
John Menzies (MNZS.L) 487p £410.1m The global aviation services business, announced a number of contract wins and renewals across its UK business. EgyptAir, a long-standing customer of 18 years, has renewed its contract with Menzies World Cargo for a three-year term at London Heathrow Airport. . Following a competitive tender process, Menzies has been appointed passenger and ramp handling partner to Jazeera Airways, a Kuwaiti based Carrier, at London Gatwick Airport. From June, Jazeera Airways will commence a new six-weekly route, operated by an A320neo aircraft. IAG owned Level has selected Menzies as its ground handler of choice at London Luton Airport, where it is due to start operations for the first time, with six weekly flights to Amsterdam Airport operating on an A321 aircraft. Canadian airline WestJet has extended its agreement for passenger, flight ops, ramp handling and de-icing services at Glasgow Airport, where Menzies has been its trusted ground handling partner since
John Menzies Plc
MNZS.L
John Menzies Plc
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