Tuffnells falters as Connect Group sees turnover drop over Christmas
Increased volumes at Tuffnells Parcels Express and Pass My Parcel failed to offset falling newspaper and magazine sales in a recent trading update from Connect Group, which saw its turnover take a hit. Group turnover was down 3.5% in the 19 weeks ended 19 January 2018, reported in a gloomy update listing delayed contracts, declining sales and market uncertainty as reasons for a predicted drop in profitability this financial year. The group’s share price fell almost 30%, from 105p to […]
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