Connect Group has continued to enjoy growth in the first half of its trading year driven by its acquisition of Tuffnells Parcel Express in 2014. Group revenue was up 4% for the 6 months ended 29 February 2016 to £948.4m (2015: £909.9m). Pre-tax profit rose 36% for the same period, from £14.1m to £19.2m. Connect said strong financial performances – following a year of growth in 2015 – from Tuffnells and its media business were to thank for this. Group chief […]
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Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m.