Connect Group has renewed its contract with News UK, securing a deal that generates £200m of revenue a year until 2024 and provides some respite after a tough period for the business. Connect Group’s Smith News will continue UK distribution of titles including The Sun, The Times and Sunday Times as a result of the successful tender. Connect Group said the deal was an endorsement of Smiths News’ leading service offer and efficient route to market for both publishers and […]
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.
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.
Connect Group’s Smith News division has secured a new five year deal with magazine distributor Frontline, bringing further signs of an upturn in the group’s fortunes.