Smiths News is a distributor of newspapers, magazines, books and consumables, headquartered in Swindon, England. It is a constiuent of the FTSE SmallCap Index
 | |
| Formerly | Smiths News PLC |
|---|---|
| Company type | PLC |
| LSE: SNWS | |
| Industry | Distribution |
| Founded | 2006 |
| Headquarters | , |
Key people | David Blackwood, (Chairman) Jonathan Bunting, (CEO) |
| Products | Newspapers and magazines, consumables, books |
| Brands | WHSmith News, WHSmith Travel |
| Services | Books, stationery, newspapers, convenience food |
| Revenue |  £1,091.9 million (2023)[1] |
| £38.8 million (2023)[1] | |
| £25.1 million (2023)[1] | |
| Website | www |
History edit
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 edit
- ^ a b c "Annual Report 2023" (PDF). Smiths News. Retrieved 7 February 2024.
- ^ "WH Smith to demerge news distribution next month with one-for-one share plan". CityWire. 27 June 2006. Retrieved 7 February 2024.
- ^ "Smiths News to be rebranded as Connect, severing its print history". The Guardian. 18 March 2014. Retrieved 7 February 2024.
- ^ "Connect Group acquires Tuffnells Parcel Express". The Telegraph. 12 November 2014. Retrieved 7 February 2024.
- ^ "Connect Group to sell Tuffnells in £15m deal". Insider Media. 15 April 2020. Retrieved 7 February 2024.
- ^ "Rebranded Smiths News reports 51% fall in profits amid pandemic". Mediashotz. 12 November 2020. Retrieved 7 February 2024.
External links edit
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