Smiths News plc

CNCT

GB00B17WCR61

Consumer Publishing

Market Closed - London S.E. Other stock markets 11:35:02 2024-04-26 am EDT			5-day change	1st Jan Change
52.8 ^GBX	-1.49%		+3.53%	-1.12%

Jan. 31	Stocks mixed hours before expected US Fed hold	AN
Jan. 31	FTSE 100 flat ahead of Federal Reserve decision	AN

Smiths News extends contract with Marketforce by five years

November 17, 2023 at 06:12 am EST

Smiths News PLC - Swindon, England based newspaper and magazine distributor - Announces a new five-year contract with London-based magazine distributor Marketforce (UK) Ltd. Smiths News says new agreement secures all of Smiths News' current distribution territories in the UK with Marketforce through to 2029, representing 31% of its magazine revenue and 9% of its total newspaper and magazine revenue. Smiths News says that together with other contract awards it recently announced, it has now renewed agreements representing 74% of its current newspaper and magazine revenues. Smiths News Chief Executive Officer Jon Bunting says: "Having now secured all of our major magazine contracts we remain confident that we will reach similar agreements with the remaining newspaper contracts."

Current stock price: 47.12 pence, up 1.6% on Friday

12-month change: up 15%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Smiths News plc

Stocks mixed hours before expected US Fed hold	Jan. 31	AN
FTSE 100 flat ahead of Federal Reserve decision	Jan. 31	AN
Smiths News set to meet full-year expectations as contracts secured	Jan. 31	AN
Smiths News in line with expectations	Jan. 31	AN
Mears to outperform market expectations	Jan. 11	AN
Smiths News extends contract with Marketforce by five years	Nov. 17	AN
Smiths News inks deal, Record profit falls	Nov. 17	AN
Smiths News plc Secures New Five Year Contract with the Marketforce (Uk) Limited	Nov. 17	CI
Transcript : Smiths News plc, 2023 Earnings Call, Nov 08, 2023	Nov. 08
Smiths News maintains dividend as annual profit climbs; growth-focused	Nov. 08	AN
Transcript : Smiths News plc, 2023 Earnings Call, Nov 08, 2023	Nov. 08
Smiths News plc Proposes Final Dividend, Payable on 8 February 2024	Nov. 08	CI
Smiths News plc Reports Earnings Results for the Full Year Ended August 26, 2023	Nov. 08	CI
Smiths News announces distribution contract extension with News UK	23-10-17	AN
Smiths News plc Announces Extension of News Uk Contract to London Areas	23-10-17	CI
Greencore shares up on sunny outlook	23-10-10	AN
Smiths News eyes annual profit and revenue rise, boosted by pricing	23-10-04	AN
Smiths News plc Provides Trading Guidance for the Second Half of Fiscal Year 2023	23-10-04	CI
Smiths News plc Provides Final Dividend Guidance for the Fiscal Year 2023, Payable on February 2024	23-10-04	CI
Smiths News plc Announces Director Notification	23-08-10	CI
Smiths News plc(LSE:SNWS) added to FTSE All-Share Index	23-06-19	CI
EARNINGS UPDATES: Smiths News and Andrews Sykes profit rise	23-05-03	AN
Transcript : Smiths News plc, H1 2023 Earnings Call, May 03, 2023	23-05-03
Transcript : Smiths News plc, H1 2023 Earnings Call, May 03, 2023	23-05-03
Smiths News plc Proposes Interim Dividend for 26 Weeks to 25 Feb. 2023, Payable on 6 July 2023	23-05-03	CI

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Company Profile

Smiths News plc is United Kingdom-based wholesaler of newspapers and magazines. The Smiths News segment include Smiths News Core, Dawson Media Direct (DMD), Instore and Other businesses. Smiths News Core is a distributor of newspapers and magazines to retailers across England and Wales. DMD supplies newspapers, magazines and inflight entertainment to airlines and travel points in the United Kingdom. Instore supplies field marketing services to retailers and suppliers across the United Kingdom. Other businesses include several ancillary businesses, which are adjacent to Smiths News. Its core services include newspaper and magazine deliveries, collecting and processing returns, managing retail ranges, and providing market insight to forecast demand and minimize waste. The Company distributes a range of print media from large general retailers to smaller independent newsagents. It serves approximately 24,000 retailers from superstores to corner shops.

Sector

Consumer Publishing

Calendar

2024-05-02 - Q2 2024 Earnings Release

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