John Menzies mulls distribution options

In May, support services group John Menzies (MNZS) split its defined benefit pension scheme in two, placing responsibility for 17 per cent of the assets and liabilities with Menzies Distribution, which it was preparing to spin off with DX Group (DX). But the day before the group released these half-year numbers it announced that the deal had fallen through. Corporate affairs director John Geddes said the group was now “looking at all our options” for what to do next.