John Menzies sees profit treble

NEWSPAPER distributor John Menzies saw half-year profits almost treble.

It made £20.6m compared with £7.4m for the same period last year.

The company, which also distributes airport cargo worldwide, was boosted by new contracts with Lufthansa/bmi at London Heathrow.

John Menzies started in Scotland in 1833 but is now a "time-critical logistics company" - a business that moves goods to a timetable.

Menzies said distribution remained a difficult market, but it had been helped by the sale of stickers for the 2010 World Cup.