Menzies shares drop again – Suppliers Share Wrap
Menzies Group shares lost 8.5% yesterday, the second consecutive day of decline, despite a trading update with a positive outlook for 4Q2010 and the company's full-year results. The company's shares hit a 36-month high early this month, before dropping 7.4% on Tuesday. Menzies' management expects 2010 profit to match earlier forecasts, partly thanks to a recovery in its aviation businesses.
- Menzies Group shares experienced a second consecutive day of decline, losing 8.5% despite positive trading update and full-year results.
- Menzies' shares had reached a 36-month high earlier in the month before the recent drop.
- BBA Aviation and Meggit also saw significant drops in their share prices, losing 5.5% and 4.3% respectively.
- Menzies' management expects its 2010 profit to meet earlier forecasts, partly due to a recovery in its aviation businesses.
- The provided data shows the daily share price movements of selected Original Equipment Manufacturers and Aviation Suppliers & Leasing companies.
- The source of the data is the Centre for Asia Pacific Aviation and Yahoo! Finance.
Also dropping sharply were BBA Aviation, which lost 5.5%, and Meggit, which dropped 4.3%.
Selected Original Equipment Manufacturers daily share price movements (% change): 17-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
Selected Aviation Suppliers & Leasing daily share price movements (% change): 17-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance