You have to sympathise at least a little with John Menzies (MNZS), which belatedly accepted that distributing newspapers and magazines was a dying industry and moved into the burgeoning field of air travel, handling luggage instead of printed paper. Alas, as we all know covid-19 has emptied the airports of …
Read More »Royal Mail Axes Dividend for This Year
Royal Mail (RMG) has dealt a blow to embattled income investors by suspending its dividend for this financial year as it restructures in the wake of the coronavirus crisis. Announcing the loss of 2,000 management jobs alongside its annual results, the listed postal operator said it will not pay a …
Read More »