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Smiths News

From Wikipedia, the free encyclopedia

Smiths News PLC
FormerlySmiths News PLC
Company typePLC
LSE: SNWS
IndustryDistribution
Founded2006
Headquarters
Swindon
,
United Kingdom
Key people
David 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)[1]
Increase £38.8 million (2023)[1]
Increase £25.1 million (2023)[1]
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.[2]

In April 2014, the company rebranded as Connect Group PLC to reflect the diversity of the company's markets.[3]

The company purchased Tuffnells Parcels Express for more than £100m in November 2014[4] but, after several years of poor performance under the group's stewardship, sold it for £15m in April 2020.[5]

In October 2020 Connect Group PLC changed its name back to Smiths News PLC.[6]

References

  1. ^ a b c "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

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This page was last edited on 9 February 2024, at 21:50
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