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Menzies profits to miss expectations

Menzies profits to miss expectations

Ahead of its interim results next month, John Menzies (MNZS) has warned that this year's profits will be weaker than anticipated, revealing that “disappointing” trading across the group in the face of weak cargo volumes and a reduction in scheduled flights had weighed on first-half performance. Full year earnings are therefore expected to be either flat or below last year's underlying operating profit of £55.1m.

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