Smiths News

Last updated

Smiths News PLC
FormerlySmiths News PLC
Company type PLC
LSE:  SNWS
Industry Distribution
Founded2006
Headquarters,
Key people
David Blackwood, (Chairman)
Jonathan Bunting, (CEO)
ProductsNewspapers and magazines, consumables, books
BrandsWHSmith News, WHSmith Travel
ServicesBooks, stationery, newspapers, convenience food
RevenueIncrease2.svg £1,091.9 million (2023) [1]
Increase2.svg £38.8 million (2023) [1]
Increase2.svg £25.1 million (2023) [1]
Website www.smithsnews.co.uk

Smiths News is a distributor of newspapers, magazines, books and consumables, headquartered in Swindon, England. It is a constiuent of the FTSE SmallCap Index

Contents

History

The company, originally established as "WHSmith News", was renamed Smiths News PLC on its demerger from WHSmith on 1 September 2006. [2]

In April 2014, the company rebranded as Connect Group PLC to reflect the diversity of the company's markets. [3]

The company purchased Tuffnells Parcels Express for more than £100m in November 2014 [4] but, after several years of poor performance under the group's stewardship, sold it for £15m in April 2020. [5]

In October 2020 Connect Group PLC changed its name back to Smiths News PLC. [6]

Related Research Articles

<span class="mw-page-title-main">Mobico Group</span> Transport company headquartered in Birmingham, England

Mobico Group, formerly National Express Group, is a British multinational public transport company with headquarters in Birmingham, England. It operates bus, coach, train and tram services in the United Kingdom, the Republic of Ireland, United States, Canada, Spain, Portugal, Malta, Germany, Bahrain, and Morocco and long-distance coach services across Europe. It is listed on the London Stock Exchange.

<span class="mw-page-title-main">WHSmith</span> British retailer

WH Smith PLC, trading as WHSmith, is a British retailer, with headquarters in Swindon, England, which operates a chain of high street, railway station, airport, port, hospital and motorway service station shops selling books, stationery, magazines, newspapers, entertainment products and confectionery.

<span class="mw-page-title-main">United Parcel Service</span> American package delivery company

United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses. UPS offers air shipping on an overnight or two-day basis and delivers to post office boxes through UPS Mail Innovations and UPS SurePost, two services that pass on packages to the United States Postal Service for last-mile delivery.

<span class="mw-page-title-main">Flybe (1979–2020)</span> Defunct regional airline of the United Kingdom

Flybe, styled as flybe, was a British airline based in Exeter, England. Until its sale to Connect Airways in 2019, it was the largest independent regional airline in Europe. Flybe once provided more than half of UK domestic flights outside London.

<span class="mw-page-title-main">Vodafone</span> British multinational telecommunications company

Vodafone Group plc is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania.

<span class="mw-page-title-main">Post Office Limited</span> British retail post office company owned by the government of the United Kingdom

Post Office Limited is a retail post office company in the United Kingdom that provides a wide range of products including postage stamps and banking to the public through its nationwide network of around 11,500 post office branches. Most of these branch post offices are run by franchise partners or by independent business people known as subpostmasters; the remaining 1% are directly managed by Post Office Limited.

Waterstones Booksellers Limited, trading as Waterstones, is a British book retailer that operates 311 shops, mainly in the United Kingdom and also other nearby countries. As of February 2014, it employs around 3,500 staff in the UK and Europe. An average-sized Waterstones shop sells a range of approximately 30,000 individual books, as well as stationery and other related products.

FirstGroup plc is a British multi-national transport group, which is based in Aberdeen in the north-east of Scotland. The company operates transport services in the United Kingdom and the Republic of Ireland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Prudential plc</span> British multinational life insurance and financial services company

Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.

Air India Express is an Indian low-cost airline and a wholly owned subsidiary of Indian flag carrier airline Air India. Currently it is headquartered in Kochi, Kerala which will be shifted to Gurgaon, Haryana in coming months. It operates more than 800 flights per week to 44 destinations including the Middle East and Southeast Asia. It has secondary hubs in Thiruvananthapuram, Kannur, Tiruchirappalli, Kozhikode, Mangaluru, Delhi, Bangalore, Kolkata, and Mumbai.

Pearson Education, known since 2011 as simply Pearson, is the educational publishing and services subsidiary of the international corporation Pearson plc. The subsidiary was formed in 1998, when Pearson plc acquired Simon & Schuster's educational business and combined it with Pearson's existing education company Addison-Wesley Longman. Pearson Education was restyled as simply Pearson in 2011. In 2016, the diversified parent corporation Pearson plc rebranded to focus entirely on education publishing and services, and as of 2023 Pearson Education is Pearson plc's main subsidiary.

National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts.

Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.

UK Mail, a trading name of DHL Parcel UK Limited, is a postal service company operating in the United Kingdom, which has competed with Royal Mail in collection and distribution of mail, since the deregulation of the postal service in January 2006. Its distribution network delivers mail to local Royal Mail sorting offices for last mile delivery through downstream access.

<span class="mw-page-title-main">Thomas Cook Group</span> Former global travel group

Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — and MyTravel Group until 23 September 2019, when it went into compulsory liquidation. The group operated as a tour operator and airline, and also operated travel agencies in Europe. At the time of the group's collapse, approximately 21,000 worldwide employees were left without jobs and 600,000 customers were left abroad, triggering the UK's largest peacetime repatriation.

Rotala Limited is a company established in 2005, which owns a number of bus operators in England. It as listed on the Alternative Investment Market from 2005 until 2024.

Superdry plc is an English branded clothing company, and owner of the Superdry label. Superdry products combine vintage American styling with Japanese-inspired graphics. It is listed on the London Stock Exchange.

Galliford Try plc is a British construction company based in Uxbridge, England. It was created through a merger in 2000 of two businesses: Try Group, founded in 1908 in London, and Galliford, founded in 1916.

<span class="mw-page-title-main">Eason & Son</span> Irish retail company

Eason Retail PLC, known as Easons or Eason, is an Irish retail company best known for selling books, stationery, cards, gifts, newspapers and magazines. Headquartered in Swords, County Dublin, it is the largest supplier of books, magazines, and newspapers in Ireland.

<span class="mw-page-title-main">PostNL</span> Mail, parcel and e-commerce corporation with operations in the Netherlands

PostNL, formerly TNT N.V., is a mail, parcel and e-commerce corporation with operations in the Netherlands, Germany, Italy, Belgium, and the United Kingdom. It provides universal delivery in the Netherlands, and is publicly listed at Euronext Amsterdam. The company was known as TNT NV until TNT Express was separated from it in May 2011, and the remainder of the company was renamed PostNL.

References

  1. 1 2 3 "Annual Report 2023" (PDF). Smiths News. Retrieved 7 February 2024.
  2. "WH Smith to demerge news distribution next month with one-for-one share plan". CityWire. 27 June 2006. Retrieved 7 February 2024.
  3. "Smiths News to be rebranded as Connect, severing its print history". The Guardian. 18 March 2014. Retrieved 7 February 2024.
  4. "Connect Group acquires Tuffnells Parcel Express". The Telegraph. 12 November 2014. Retrieved 7 February 2024.
  5. "Connect Group to sell Tuffnells in £15m deal". Insider Media. 15 April 2020. Retrieved 7 February 2024.
  6. "Rebranded Smiths News reports 51% fall in profits amid pandemic". Mediashotz. 12 November 2020. Retrieved 7 February 2024.