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 […]
Sheffield-based Tuffnells Parcels Express saw a 16% revenue boost in the first eight months following its management buyout, according to its latest financial results.
Newspaper and magazine distributor Smiths News has begun a partnership with Amazon to offer online shoppers a same-day parcel collection service.
Connect Group’s Smiths News division has secured a new five year deal with magazine distributor Frontline, bringing further signs of an upturn in the group’s fortunes.