Given that last year John Menzies finally completed the long-mooted sale of its media distribution division, this year was meant to be one in which its chosen business line — aviation services — truly took off (Greig Cameron writes). In the event, there has been rather more turbulence than it expected.
The shares are about 30 per cent below a peak reached in February, while the company has said that annual profit is likely to be less than that of 2018, albeit partly as a result of factors outside its control, such as disruption to schedules caused by the grounding of the Boeing 737 Max aircraft over safety concerns.
There have been some notable boardroom changes, too. First Forsyth Black, 50, resigned as chief executive