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Menzies reveals £25m growth fund

John Menzies shrugged off a £2 million hit from the strength of sterling in the third quarter and has taken on another £25m of debt to target bolt-on acquisitions.

The Edinburgh-based airport contractor and print distributor said its aviation division was growing in line with expectations, reporting a 7.8% rise in ground-handling volumes, or 2.7% on a like-for-like basis in the year to date, better than the first-half, as contract wins came through.

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