Tag: John Menzies

Recommended cash offer for John Menzies by Agility

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 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 ...

Menzies raises £22m in share issue as business exceeds expectations

Menzies raises £22m in share issue as business exceeds expectations

John Menzies has raised £22 million through the issuing of shares as it reports that underlying profitability is ahead of previous management expectations. Despite the positive news on profitability, the group said passenger flight volumes remain far below 2019 levels as a result of the Covid-19...

John Menzies plc Half Year Results for the Six Months Ended 30 June 2020

Results Overview (more…)...

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 un...

John Menzies chairman buys 1.2m shares in firm for £4.74m

John Menzies chairman buys 1.2m shares in firm for £4.74m

John Menzies chairman Phillip Joeinig has bought 1.2 million shares in the firm at 390.3p. The firm’s shares were flat at 395p on Wednesday after the update posted with the London Stock Exchange. The Edinburgh-based firm saw its shares fall by around 40 per cent in the 13 months since the d...

Menzies reports a loss of £4.4m for the first half of 2019

Menzies reports a loss of £4.4m for the first half of 2019

John Menzies plc – parent company of Menzies Aviation – has reported a loss of £4.4 million for the first six months of 2019 - compared to a profit last year. The aviation services company said results were impacted by business losses in the second half of 2018, weak cargo volumes and the g...

John Menzies chairman Dermot Smurfit to step down

John Menzies chairman Dermot Smurfit to step down

John Menzies plc - parent company of Menzies Aviation - has announced that Dermot Smurfit has notified the board of his intention to step down as chairman and is being replaced by an aviation specialist. Philipp Joeinig, a current non-executive director of the Group, will succeed Smurfit (pictur...

Menzies Aviation warns of “disappointing” first half of the year ahead of August interim results

Menzies Aviation warns of “disappointing” first half of the year ahead of August interim results

John Menzies Plc - parent company of Menzies Aviation - warned today that its performance in the first half of the year was “disappointing” and “below expectations” and said results for the full-year are set to be down on last year. Menzies said it reflected the challenges that the wider...

Menzies appoints Giles Wilson as CEO on a permanent basis

Menzies appoints Giles Wilson as CEO on a permanent basis

John Menzies plc - holding company of Menzies Aviation - has appointed Giles Wilson (pictured below) as chief executive officer (CEO) on a permanent basis with immediate effect. He was appointed chief financial officer of the group in June 2016 and assumed the position of interim CEO on 12 March...

Mervyn Walker returns to Menzies as he joins senior management team

Mervyn Walker returns to Menzies as he joins senior management team

John Menzies plc has appointed Mervyn Walker to the Group’s senior management team. Walker has over 30 years’ experience in the ground handling industry, is returning to the Group after spending four years working on a selection of projects and initiatives in the sector. Prior to this, spe...

Menzies Aviation CEO Forsyth Black steps down

Menzies Aviation CEO Forsyth Black steps down

The board of John Menzies has announced that chief executive officer (CEO) Forsyth Black has stepped down with immediate effect after three years at the helm of aviation arm Menzies Aviation. Giles Wilson, who has been chief financial officer has been appointed as interim CEO. He spent 19 year...

Menzies gains provisional clearance by CMA for acquisition of ASL

Menzies gains provisional clearance by CMA for acquisition of ASL

Aviation service provider John Menzies (Menzies Aviation) has been given provisional clearance by the UK government’s Competition and Markets Authority (CMA) for its acquisition of Airline Services (ASL). Menzies said in a statement: “John Menzies plc, the global aviation services business, i...

.