Menzies finding it difficult to take off

cathay pacific
HONG KONG -10 AUGUST 2016- A Boeing 747-400 from Cathay Pacific (CX) at the Hong Kong International Airport (HKG

John Menzies (LSE: MZNS) is focused on aviation services since it sold its distribution business. However, the remaining business has its problems and a trading statement last month led to downgrades ahead of its interims on 13 August.

Cargo traffic has been hit by worries about global trade. EMEA appears to be weak, while North America is holding up better. The interims will provide further information about trading in the different geographic regions.

Some airlines have had their financial problems and Boeing is not in a good place following plane crashes. That could hamper any impr...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.