Financial Plunge

Profit warning! Here is a quickie: John Menzies hasn’t been in great shape for some time, and cost-cutting is the way forward – of a greater scale, though, than previously announced, as it targets “at least £10m of cost savings” over the short term. It might need more than that, I argue, in order to shore up its sagging stock.

Its shares were hammered in early trade, down as much much as 23%, although they have recouped some of their lost value after the initial ...

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