John Menzies, the parent company of newspaper and magazine wholesaler Menzies Distribution, has said it is trading in line with forecasts.
The company, which also has interests in aviation, said the board “remains confident of meeting management expectations for the full year ended 31 December 2014.”
It added that it would provide further clarity of its strategic focus and delivery plans at its full-year results in March.
Its update follows that of fellow newstrade wholesaler Connect Group, which on Wednesday reported a 1.5% decrease in sales for the 19 weeks to 10 January.
Performance was “broadly in line with management expectations”, it said. Sales in its News & Media division fell 1.8%, by 1.2% in its Books division, and by 2% in its Education & Care business.
It completed its acquisition of Tuffnells Parcels Express last month, and said the division had “made a positive start with encouraging trading over the festive period and performance to date is in line with management expectations”.