Advertisement
UK markets closed

  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     

  • HANG SENG

    18,462.30
    -13.62 (-0.07%)
     

  • CRUDE OIL

    78.33
    +0.22 (+0.28%)
     

  • GOLD FUTURES

    2,318.30
    +9.70 (+0.42%)
     

  • DOW

    38,675.68
    +449.98 (+1.18%)
     

  • Bitcoin GBP

    50,900.76
    +529.59 (+1.05%)
     

  • CMC Crypto 200

    1,328.66
    +51.68 (+4.05%)
     

  • NASDAQ Composite

    16,156.33
    +315.33 (+1.99%)
     

  • UK FTSE All Share

    4,469.09
    +22.94 (+0.52%)
     
BRANDS:

Meet one of the UK’s largest unknown start-ups

Video editing platform Veed has grown to 10 million users

John Menzies investor says in talks with management to lift performance

Reuters - UK Focus

April 30 (Reuters) - Lakestreet Capital Partners AG, an investor in John Menzies Plc (LSE: MNZS.L - news) , said it was in talks with the company's management to improve revenue performance and profit margins.

Lakestreet Capital, a top 10 investor in the company with a 3 percent stake, said it had raised concerns about whether keeping two non-synergistic businesses in one group was still in the best interests of the company's shareholders.

Scottish firm John Menzies has two divisions - a newspaper and magazine distribution business and aviation support services that include cargo and ground handling at airports.

Lakestreet said the talks are expected to continue ahead of the annual general meeting on May 15. (Reporting by Aastha Agnihotri in Bengaluru; Editing by Anupama Dwivedi)