• Text size      
  • Send this article to a friend
  • Print this article

Contract renewals push up John Menzies share price

Menzies Distribution, the newspaper and magazine wholesaling division of John Menzies, has renegotiated another two of its core contracts.

The new agreements with Frontline and Seymour, two of the UK's largest magazine distributors, will see the firm continue to distribute its full portfolios of titles.

The agreement secures additional revenues for Menzies' ancillary businesses in the division. Both agreements run until 2020 and secure £180 million of annual trade sales value. David McIntosh, managing director said: "These renewals are a further step in underpinning our core business. "

Menzies last month renewed a contract with Trinity Mirror to 2019, worth £150m in annual trade sales value. Menzies shares, which fell on a profit warning last month, were up 1p at 709.5p.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.