Aviation services and newspaper distribution group John Menzies has acquired Flight Support, a UK based ground handling business, from Airbase Holdings.
Menzies will pay an initial cash consideration of £4.75m, with a further £0.5m payable over the next two years.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Zohran Mamdani, "Trump's worst nightmare", wows New YorkZohran Mamdani, 33, has won the Democratic candidacy to be mayor of New York. That has energised his supporters and enemies alike – and terrified the rich
-
What's behind the big shift in Japanese government bonds?Rising long-term Japanese government bond yields point to growing nervousness about the future – and not just inflation
