Connect Group appoints David Bauernfeind as CFO
14th Jul 2016 09:39
(ShareCast News) - Newspaper and magazine distributor Connect Group has appointed David Bauernfeind - previously chief financial officer at Xchanging - as CFO with effect from 15 August. Bauernfeind will replace Nick Gresham, who is stepping down to pursue other opportunities. Gresham will stand dow
Read moreConnect Group sales slow but forecasts remain despite Brexit
5th Jul 2016 08:01
(ShareCast News) - Connect Group has said its forecasts remain unaffected by the Brexit decision after the rate of revenue growth halved in the 44 weeks of its financial year so far. The newspaper, books and freight distribution group said it was too early to make a medium-term forecast after the UK
Read moreSunday share tips: The Restaurant Group, RBS, Connect Group
1st May 2016 15:15
(ShareCast News) - The Restaurant Group remains on the menu for the Sunday Times' Inside the City columnist Danny Fortson, three months after it was recommended in the paper while he was on holiday. After the Garfunkels owner's third profit warning in a year, the shares are a dog's dinner, but the m
Read moreThursday newspaper share tips: Travis Perkins, Connect Group
21st Apr 2016 14:11
(ShareCast News) - Travis Perkins's business model, based on steady progress, should reap rewards for its investors in the long-term, The Times's Tempus said. The building materials merchant saw sales drop in the backhalf of 2015 as the effects of the 2014 tightening of rules on mortgage availabilit
Read moreTuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreInland Homes founder pockets £1m in share sale
20th Nov 2015 16:06
(ShareCast News) - The man at the top of Inland Homes cashed in on some of the company today, pocketing a cool £1m in the process. Stephen Wicks, who co-founded the development firm in 2005, sold 1.5m shares at 67.37p a piece. He has held on to 14.7m shares, though, representing a 7.27% stake in th
Read moreFriday broker round-up
23rd Oct 2015 16:41
(ShareCast News) - Aa: Berenberg Bank starts a new coverage with a buy, sets target price at 350.00p. Globaltrans Investment Gdr (reg S): Credit Suisse upgrades to neutral, reduces target price to 4.20p. Connect Group: Berenberg Bank starts a new coverage with a buy, sets target price at 200.00p.
Read moreThursday newspaper share tips: Take a slice of the Domino's profits
15th Oct 2015 10:48
(ShareCast News) - It's time to order a Domino' Pizza and take a slice of the profits, according to The Times' Tempus. The column noted on Thursday that the pizza company has had a stellar run and it continues to grow. The numbers out on Wednesday showed that the company's continued investment in di
Read moreConnect Group revenues lift ahead of expectations
7th Jul 2015 13:54
Media distribution firm Connect Group's revenue was up more than 3% in the 44 week period to July 7. Connect Group said overall performance was marginally ahead of expectations. Shares in the firm lifted slightly on the news, by 2.78% to 148p as of 13:59 on Tuesday. Revenues in the firm's news se
Read moreConnect Group´s full year trading in line, despite decline in interim profits
22nd Apr 2015 11:19
Distribution group Connect Group said trading was on track to meet its full-year expectations, despite a decline in pre-tax profits during the first half. The London-listed group said its pre-tax profit in the six months to the end of February declined 36.2% year-on-year to £14.1m, as exceptional co
Read moreConnect Group directors sell shares in company
12th Jan 2015 15:20
In a quiet day for director dealing, two directors of newspaper and books distributor Connect Group pocketed cash after selling shares as part of their deferred bonus plan awards. Managing director Jonathan Bunting sold 75,671 shares at an individual price of 153.78p, pocketing £116,367, while strat
Read moreConnect Group announces Tuffnells takeover
12th Nov 2014 15:10
Specialist distributor Connect Group has completed the acquisition of Tuffnells Parcels Expess in a deal worth almost £130m. The firm said the deal is a "significant strategic opportunity" and would initially pay £113.4m for the Sheffield-based company, while a further £15.3m could also be paid depe
Read moreSunday share tips: Premier Foods, Rare Earth Minerals, Bunzl
19th Oct 2014 16:41
It could be the a good time to buy shares of Premier Foods, Danny Fortson argued in his Sunday Times column, Inside the City. The company, whose brands include Oxo and Mr Kipling, took on too much debt before the financial crisis but Chief Executive Gavin Darby has fixed its structural problems. He
Read moreConnect launches Amazon pick-up service as final results beat targets
15th Oct 2014 08:44
Newspaper and books distributor Connect, the renamed Smiths News, has launched a new click-and-collect service for Amazon customers, after announcing final results ahead of target. The company has launched its Pass My Parcel scheme with Amazon, a new and wholly-owned 'click and collect' delivery ser
Read moreConnect Group extends newspaper deal with Guardian News
24th Sep 2014 08:22
Connect Group on Wednesday announced that its Smiths News business has extended its newspaper wholesaling agreement with Guardian News and Media until February 2021. The new £63m-a-year agreement secures the existing 60% market share of Guardian News and Media's distribution business for an addition
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