MENZIES Aviation is to restructure its UK cargo business and close operations at four airports including Glasgow to stem continuing losses, the group said yesterday.
John Menzies shares, already up by more than 15% this year, rose another 2% yesterday on the announcement.
Menzies will focus its UK cargo business on London Heathrow, together with smaller operations in Aberdeen and Belfast, and axe cargo operations at Glasgow, Birmingham, East Midlands and Manchester airports.
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