Politics

John Menzies eyeing pick-up in aviation activity from July

A trading update from John Menzies PLC (LON:MNZS) proved to be good news for the share price, which was up 15% at 165.8p in early deals.

The global aviation services business, which has been hit hard by a collapse in the aviation sector during the coronavirus pandemic, said trading in the second quarter had been ahead of management expectations, while a recovery in flight activity is expected to start from next month.

During April and May 2020, ground handling and fuelling activity was roughly 75% lower than in 2019, with the group's ancillary passenger airline services similarly affected.

Ethernity Networks Limited (LON:ENET) has signed a contract with Hong Kong Techtronics, sending the shares 23% higher to 24p.

Techtronics will manage the distribution of Ehternitys 100 gigabytes per second (Gbps) ACE-NIC100 FPGA SmartNIC (network interface card) throughout the Read More – Source

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