Misplaced Pages

Smiths News

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
(Redirected from Connect Group) English media distribution company

Smiths News PLC
FormerlySmiths News PLC
Company typePLC
Traded asLSE: SNWS
IndustryDistribution
Founded2006
HeadquartersSwindon, United Kingdom
Key peopleDavid Blackwood, (Chairman)
Jonathan Bunting, (CEO)
ProductsNewspapers and magazines, consumables, books
BrandsWHSmith News, WHSmith Travel
ServicesBooks, stationery, newspapers, convenience food
RevenueIncrease £1,091.9 million (2023)
Operating incomeIncrease £38.8 million (2023)
Net incomeIncrease £25.1 million (2023)
Websitewww.smithsnews.co.uk

Smiths News is a distributor of newspapers, magazines, books and consumables, headquartered in Swindon, England. It is a constiuent of the FTSE SmallCap Index

History

The company, originally established as "WHSmith News", was renamed Smiths News PLC on its demerger from WHSmith on 1 September 2006.

In April 2014, the company rebranded as Connect Group PLC to reflect the diversity of the company's markets.

The company purchased Tuffnells Parcels Express for more than £100m in November 2014 but, after several years of poor performance under the group's stewardship, sold it for £15m in April 2020.

In October 2020 Connect Group PLC changed its name back to Smiths News PLC.

References

  1. ^ "Annual Report 2023" (PDF). Smiths News. Retrieved 7 February 2024.
  2. "WH Smith to demerge news distribution next month with one-for-one share plan". CityWire. 27 June 2006. Retrieved 7 February 2024.
  3. "Smiths News to be rebranded as Connect, severing its print history". The Guardian. 18 March 2014. Retrieved 7 February 2024.
  4. "Connect Group acquires Tuffnells Parcel Express". The Telegraph. 12 November 2014. Retrieved 7 February 2024.
  5. "Connect Group to sell Tuffnells in £15m deal". Insider Media. 15 April 2020. Retrieved 7 February 2024.
  6. "Rebranded Smiths News reports 51% fall in profits amid pandemic". Mediashotz. 12 November 2020. Retrieved 7 February 2024.

External links

Stub icon

This article about a retailer in the United Kingdom is a stub. You can help Misplaced Pages by expanding it.

Categories: