Tag: John Menzies

Recommended cash offer for John Menzies by Agility

The boards of Agility Public Warehousing Company K.S.C.P. (Agility) and one of its wholly-owned subsidiaries, and the board of John Menzies PLC (Menzies) have today announced that they have reached agreement on the terms of a recommended cash offer to acquire 100% of the ordinary shares in Menzies a...

John Menzies accepts final takeover proposal by National Aviation Services

John Menzies has approved a proposal for takeover from Agility subsidiary National Aviation Services (NAS) Holding following its rejection of an previous offer. The Board of Menzies (the “Board”) announces that it has received a further revised proposal from NAS, a subsidiary of Agility, rega...

John Menzies Shares Jump on Potential Increased NAS Offer

By Ian Walker, wsj.com Shares of John Menzies PLC leapt on Thursday after National Aviation Services said that it has agreed to buy shares in the U.K. aviation-services group at 605 pence each, and that any firm offer would be at no less than that price. The indicated offer price, which is an ...

John Menzies Trading Update

John Menzies plc, the global aviation services business, today provides an update on current trading ahead of its Interim Results on 1 September 2021. Overall, the Group continues to trade slightly ahead of current market expectations. Regional variations exist with ground services in Europe p...

John Menzies CEO Giles Wilson to step down

Aviation services business John Menzies announced on Friday that chief executive officer Giles Wilson is stepping down to take up the role of chief financial officer at William Grant & Sons, the drinks group that owns Glenfiddich Scotch whisky and Hendricks Gin. Wilson will stay on at Menzies u...

John Menzies Trading Update

As set out in its trading update of 27 March 2020 (the ‘March Trading Update’), the spread of COVID-19 has had a significant adverse impact on the Group’s financial performance. As expected, the very challenging conditions experienced from the end of the first quarter have continued during th...

John Menzies Trading Update

John Menzies plc, the global aviation services business, today announces a trading update for the period 1 July 2019 to 31 October 2019. The Board is pleased to report that the Group continues to make good progress. 2019 has been a year of transition with a difficult trading environment continui...

John Menzies completes management reshuffle with new CFO

Aviation services group John Menzies has announced the appointment of former Swissport finance chief Alvaro Gomez-Reino as its chief financial officer, completing a management reshuffle amid increasing troubles in the aviation sector. Apart from Swissport Group, which is the Swiss cargo handling...

Menzies take action to address decline in profits

John Menzies plc, holding company of Menzies Aviation, has released its half year results, which show a decline in underlying operating profit of 14.4 per cent. The Edinburgh based ground handling provider attributed the results to business losses, weak cargo volumes and the grounding of Boeing ...

John Menzies PLC announces new chairman of the board

John Menzies PLC, holding company of Menzies Aviation, has announced the intention of its chairman of the board, Dr Dermot F Smurfit, to step down with immediate effect. Joining the board in July 2016, Dr Smurfit’s achievements include the $202 million procurement of ASIG Ltd, sectioning of th...

Menzies shares plummet in difficult time for aviation services

Shares in John Menzies plc, the holding company of aviation services business Menzies Aviation, fell by 21.4 per cent to 360 pence this morning. The company had warned of a challenging time for the company and the industry in general, saying earnings would not rise in 2019, with cargo volumes an...

Menzies top brass to receive up to £30m after media distribution sale

According to a report in The Times, the top executives and management at Menzies could potentially receive up to £30m in shares if performance targets are met following the company selling its media distribution arm recently. It is understood that the company is levering the majority of its f...

.