Smiths News is a distributor of newspapers, magazines, books and consumables, headquartered in
Swindon
Swindon () is a town in Wiltshire, England. At the time of the 2021 Census the population of the built-up area was 183,638, making it the largest settlement in the county. Located at the northeastern edge of the South West England region, Swi ...
, England. It is a constituent of the
FTSE SmallCap Index
The FTSE SmallCap Index is an index of small market capitalisation companies consisting of the 351st to the 619th largest-listed companies on the London Stock Exchange main market. The index, which is maintained by FTSE Russell, a subsidiary of ...
History
The company, originally established as "WHSmith News", was renamed Smiths News PLC on its
demerger
A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the converse of a Mergers and acquisitions, merger or acquisition.
A demerger can take place through a cor ...
from
WHSmith on 1 September 2006.
In April 2014, the company rebranded as Connect Group PLC to reflect the diversity of the company's markets.
The company purchased Tuffnells Parcels Express for more than £100m in November 2014 but, after several years of poor performance under the group's stewardship, sold it for £15m in April 2020.
In October 2020 Connect Group PLC changed its name back to Smiths News PLC.
References
External links
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Companies listed on the London Stock Exchange
Logistics companies of the United Kingdom
Companies in the FTSE SmallCap Index
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