Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and a deficit of £7.9m relating to the business’s pension fun, was announced in February this year. In April the Competition and Markets Authority (CMA) launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. However it received unconditional clearance from […]
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.
Tuffnells owner Connect Group has put property valued at up to £35m on the market as it revealed that it was targeting second half return to profitability for its irregular freight business.
Connect Group has seen its annual profit collapse by more than 200% after a calamitous period, which saw its one time star-performer Tuffnells lose its way and attempts to restructure the group hit the wall.