Business
Long Term Contract with News UK
Long Term Contract with News UK.
About this update from Smiths News Plc
[{"type":"text","content":"\n \nRNS Number : 5049T Connect Group PLC 04 July 2018 \n\nThis announcement contains inside information\n \nConnect Group PLC\n(\"the Group\" or \"Connect Group\")\n \nSmiths News agrees new long term contract with News UK\n \n \nConnect Group is pleased to announce that, following competitive tender, it has successfully renewed its long term contract with News UK, confirming Smiths News' current distribution territories within the United Kingdom through to July 2024. The contract secures revenues of c£200m p.a. (at current values).\n \nNews UK is the United Kingdom's market leading national newspaper publisher with titles including The Sun, The Times and Sunday Times. This long term contract is an endorsement of Smiths News' leading service offer and efficient route to market for both publishers and retailers.\n \nMark Cashmore, Chief Executive Officer commented:\n\"We are delighted to confirm this significant publisher agreement for our newspaper and magazine distribution business. Visibility of future revenues underpins the ability of Smiths News to continue to deliver strong profits and cash. The contract is good news for the supply chain as a whole and positions the Group well to secure a similar outcome with our other publisher partners\".\n \n \nEnquiries:\n\n\n\nConnect Group PLC\nMark Cashmore, Chief Executive Officer\nTony Grace, Chief Financial Officer\n\n\n \n01793 563641\n\n\n\n\nwww.connectgroupplc.com\n \n\n\n\n\n\n\n\nBuchanan\nRichard Oldworth / Jamie Hooper\[email protected]\nwww.buchanan.uk.com\n\n\n \n020 7466 5000\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END CNTUGUCAMUPRGBW\n ","length":4362,"tagName":"div"}]