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Connect Group PLC Ord 5P (CNCT)

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06-Nov-2019 08:01 AM

Connect's profit takes hit from ongoing challenges at Tuffnells; CEO steps down

Connect said Jos Opdeweegh had resigned as chief executive after the Logistics group reported a fall in profit amid ongoing challenges at its Tuffnells parcel delivery unit. Jon Bunting, CEO of Smith News, was appointed as interim CEO. For the year en
23-Sep-2019 09:37 AM

Connect Group concludes sale and leaseback in smaller tranches will deliver more value

Connect Group intended to sell selected Tuffnells freehold and long leasehold properties but has concluded splitting these properties into smaller tranches will realise greater value. The company has announced a contract that will dispose of a tranche wi
25-Jan-2019 04:10 PM

Broker Forecast - Berenberg issues a broker note on Connect Group PLC

Berenberg today reaffirms its hold investment rating on Connect Group PLC (LON:CNCT) and raised its price target to 40p (from 35p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Jan-2019 10:45 AM

Connect Group revenue falls 4%; says performance in-line with expectations

Connect Group said Tuesday trading was in line with expectations even as revenue declined 4% in the 19 weeks to 12 January. Revenue fell 4% to £516.7m following a 3.3% decline in revenues at Smiths News and DMD to £458.5m and 8.8% decline i
22-Jan-2019 08:40 AM

Broker Forecast - Peel Hunt issues a broker note on Connect Group PLC

Peel Hunt today reaffirms its hold investment rating on Connect Group PLC (LON:CNCT) and raised its price target to 45p (from 32p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
06-Nov-2018 09:02 AM

Connect Group abandons final dividend after swinging to annual loss

UK specialist distributor Connect Group abandon its full-year dividend payment after swinging to an annual loss Tuesday driven by losses in Tuffnells and Pass My Parcel and weaker trading in Smiths News. The company also said Tony Grace had been permane
14-Sep-2018 10:10 AM

Broker Forecast - Berenberg issues a broker note on Connect Group PLC

Berenberg today downgrades its investment rating on Connect Group PLC (LON:CNCT) to hold (from buy) and cut its price target to 35p (from 40p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-Sep-2018 09:21 AM

Connect Group warns on profits as parcel freight market woes continue

Connect Group warned Friday that full year trading would fall short of expectation amid challenging conditions in the parcel freight market, while the World Cup buzz failed to boost magazine sales at its Smiths News division. The group expects its full
01-May-2018 02:27 PM

Connect Group profit down 42% as revenue slips, costs rise

Specialist distributor Connect Group, which owns Tuffnells, said its first-half profit slipped 42% amid rising costs and falling revenue. Pre-tax profit fell to £9.5m, as revenue decreased by 3.4% to £766.5m. The company held its interim div
01-May-2018 09:00 AM

Broker Forecast - Peel Hunt issues a broker note on Connect Group PLC

Peel Hunt today downgrades its investment rating on Connect Group PLC (LON:CNCT) to hold (from hold). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
15-Feb-2018 09:49 AM

Connect Group completes sale of books division to Aurelius for £6m

Connect Group said it completed the sale of its books division to Aurelius for £6m. Mark Cashmore, Chief Executive Officer, said: 'We are pleased to complete the sale of Connect Books to Aurelius Equity Opportunities. The disposal will allow t
12-Feb-2018 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on Connect Group PLC

Peel Hunt today downgrades its investment rating on Connect Group PLC (LON:CNCT) to hold (from add) and cut its price target to 67p (from 124p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Jan-2018 03:10 PM

Broker Forecast - Numis issues a broker note on Connect Group PLC

Numis today upgrades its investment rating on Connect Group PLC (LON:CNCT) to buy (from add) and cut its price target to 100p (from 135p). Story provided by StockMarketWire.com...
22-Jan-2018 09:41 AM

Connect Group Revenue Falls, cites weaker news distribution, media sales

Connect Group PLC, a UK based specialist distributor, reported revenue for continuing operations decreased by 3.5% year to date to £564.5 million and said it expects full year adjusted profit before tax for the continuing operations to be in the ran
21-Dec-2017 07:41 AM

Connect agrees sale of books division

Connect Group has agreed to sell its books division to Aurelius Equity Opportunities SE & Co for £11.6m in cash. Under the terms of the agreement, £10.6m will become payable at completion and up to £1.05m will be payable on the success
27-Oct-2017 08:30 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Connect Group PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Connect Group PLC (LON:CNCT) and raised its price target to 145p (from 144p). Story provided by StockMarketWire.com...
26-Oct-2017 07:20 AM

Connect profits fall in challenging year

Connect Group's adjusted pre-tax profits fell to £48.0m in the year to the end of August - down from a restated £50.4m last time. Revenues of £1,594.3m were down 3.1%. On a statutory basis, pre-tax profits fell by 2.8% to £3
31-Jul-2017 01:14 PM

Connect names new CEO for its Smiths News and Tuffnells businesses

Connect Group has confirmed that Jonathan Bunting, previously Managing Director of the Group's News & Media division, will assume the role of Chief Operating Officer, with responsibility for operations across the Smiths News and Tuffnells businesses.
31-Jul-2017 08:50 AM

Broker Forecast - finnCap issues a broker note on Connect Group PLC

finnCap today reaffirms its buy investment rating on Connect Group PLC (LON:CNCT) and cut its price target to 154p (from 187p). Story provided by StockMarketWire.com...
25-Jul-2017 09:40 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Connect Group PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Connect Group PLC (LON:CNCT) and cut its price target to 144p (from 152p). Story provided by StockMarketWire.com...
20-Jul-2017 04:40 PM

Broker Forecast - Shore Capital issues a broker note on Connect Group PLC

Shore Capital today upgrades its investment rating on Connect Group PLC (LON:CNCT) to buy (from hold). Story provided by StockMarketWire.com...
30-Jun-2017 01:57 PM

Connect appoints new joint broker

Connect Group has confirmed the appointment of Berenberg as Joint Corporate Broker with immediate effect. At 1:57pm: (LON:CNCT) Connect Group PLC share price was -0.75p at 114.25p Story provided by StockMarketWire.com...
02-Jun-2017 10:30 AM

Broker Forecast - Peel Hunt issues a broker note on Connect Group PLC

Peel Hunt today reaffirms its add investment rating on Connect Group PLC (LON:CNCT) and cut its price target to 135p (from 167p). Story provided by StockMarketWire.com...
26-Apr-2017 02:40 PM

Broker Forecast - finnCap issues a broker note on Connect Group PLC

finnCap today reaffirms its buy investment rating on Connect Group PLC (LON:CNCT) and cut its price target to 187p (from 200p). Story provided by StockMarketWire.com...
25-Apr-2017 07:23 AM

Connect profits fall

Connect Group's adjusted pre-tax profits fell to £23.3m in the six months to the end of February - 4.8% down on last time. Adjusted revenues fell by 0.6% to £911.8m and adjusted operating profits of £26.6m were down by 4.4%. On a
 
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