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The Independent UK
The Independent UK
National
Holly Williams

John Menzies sees shares take off after rejecting £469m bid approach

John Menzies Menzies Kuwait
PA Media

Airport services company John Menzies has seen its shares rocket after revealing it rejected a £469 million takeover approach from a Kuwaiti suitor.

Shares in the Edinburgh-based firm – which provides fuelling, ground handling, lounge and maintenance services – jumped more than a third higher after it said it had rebuffed a 510p-a-share unsolicited bid proposal from National Aviation Services (NAS).

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