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Connect Group PLC (CNCTC.L)

CNCTC.L on London Stock Exchange

28.90GBp
20 Nov 2019
Change (% chg)

-0.50 (-1.70%)
Prev Close
29.40
Open
30.00
Day's High
30.00
Day's Low
28.70
Volume
297,981
Avg. Vol
266,648
52-wk High
46.39
52-wk Low
27.50

Latest Key Developments (Source: Significant Developments)

Connect Group To Sell Some Tuffnells Properties For 9.9 Mln Stg
Monday, 23 Sep 2019 

Sept 23 (Reuters) - Connect Group PLC ::SALE & LEASEBACK OF SELECTED TUFFNELLS PROPERTIES.TUFFNELLS EXCHANGED CONTRACTS WITH URBAN LOGISTICS PROP CO 1 TO DISPOSE OF TRANCHE OF SOME PROPERTIES, COMPRISING 6 DISTRIBUTION DEPOTS.WILL RECEIVE CONSIDERATION FROM PURCHASER IN SUM OF UP TO £9.9 MILLION FOR SALE OF TUFFNELLS SALE PORTFOLIO NO. 1, PAYABLE IN CASH.6 PROPERTIES COMPRISING TUFFNELLS SALE PORTFOLIO LOCATED WITHIN ANDOVER, COVENTRY, LEIGHTON BUZZARD, NEWPORT, PERTH AND PLYMOUTH.  Full Article

Connect Group Says Sale Of Some Tuffnells Properties Unlikely Before Year-End
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Connect Group PLC ::TRADING UPDATE AND SALE AND LEASEBACK.SINCE GROUP'S INTERIM FINANCIAL RESULTS ON 1 MAY 2019, OVERALL TRADING IS SLIGHTLY BELOW MARKET EXPECTATIONS.NET DEBT IS EXPECTED TO REMAIN FLAT ON HY2019.UPDATES ON POTENTIAL SALE AND LEASEBACK OF UP TO 16 FREEHOLD AND LONG-LEASE PROPERTIES WITHIN TUFFNELLS ESTATE.POTENTIAL SALE AND LEASEBACK OF UP TO 16 FREEHOLD AND LONG-LEASE PROPERTIES WAS EXPECTED TO RAISE UP TO £35M OF PRETAX PROCEEDS.DUE TO CURRENT MARKET CONDITIONS AND OUTLOOK, PROPOSALS FOR FREEHOLD PROPERTIES DID NOT MEET BOARD'S EXPECTATIONS IN RESPECT OF VALUE.UNLIKELY THAT GROUP WILL CONCLUDE SUCH A DEAL BEFORE END OF ITS CURRENT FINANCIAL YEAR.GROUP CONTINUES TO TARGET A REDUCED NET DEBT/EBITDA RATIO OF 1X BY FY2021.  Full Article

Connect Group Announces Contract Award With Marketforce
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Connect Group PLC ::CONTRACT AWARD WITH MARKETFORCE (UK) LTD.SMITHS NEWS HAS AGREED A NEW LONG TERM CONTRACT WITH MAGAZINE DISTRIBUTOR MARKETFORCE.DEAL SECURES ALL SMITHS NEWS' DISTRIBUTION TERRITORIES WITH MARKETFORCE FROM 2020 THROUGH TO 2025, REPRESENTING REVENUES OF CIRCA £130M.P.A.SMITHS NEWS HAS NOW RENEWED AGREEMENTS REPRESENTING 98% OF ITS MAGAZINE SALES AND 65% OF TOTAL SALES REVENUES.  Full Article

Connect Group Says Smiths News Agrees New Long-Term Contract With Reach
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Connect Group PLC ::CONTRACT AWARD WITH REACH PLC.SMITHS NEWS HAS AGREED A NEW LONG-TERM CONTRACT WITH REACH FROM OCTOBER 2019 THROUGH TO SEPTEMBER 2024.AGREEMENT SECURES ANNUAL REVENUES OF CIRCA £220M AT CURRENT MARKET VALUES AND ENCOMPASSES ALL SMITHS NEWS' DISTRIBUTION TERRITORIES.  Full Article

Connect Group Says Smiths News Agrees A Long Term Contract With Frontline
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Connect Group PLC ::CONTRACT AWARD WITH FRONTLINE DISTRIBUTION LIMITED.SMITHS NEWS HAS AGREED A NEW LONG TERM CONTRACT WITH FRONTLINE, UK'S LARGEST MAGAZINE DISTRIBUTOR.AGREEMENT SECURES ALL SMITHS NEWS' DISTRIBUTION TERRITORIES WITH FRONTLINE FROM 2020 THROUGH TO 2025.AGREEMENT REPRESENTS REVENUES OF CIRCA £150 M.P.A. AT CURRENT MARKET VALUES.  Full Article

Connect Group Signs Long Term Contract With News UK
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Connect Group PLC ::CONNECT GROUP PLC - LONG TERM CONTRACT WITH NEWS UK.CONNECT GROUP PLC - RENEWED ITS LONG TERM CONTRACT WITH NEWS UK.CONNECT GROUP PLC - CONTRACT SECURES REVENUES OF C£200M P.A. (AT CURRENT VALUES).  Full Article

Connect Group Posts HY Revenue 766.5 mln stg
Tuesday, 1 May 2018 

May 1 (Reuters) - Connect Group PLC ::REVENUE £766.5M VERSUS £793.3M FOR SIX MONTHS ENDED 28 FEBRUARY 2018 FOR.PROFIT BEFORE TAX £9.5M VERSUS £16.5M FOR SIX MONTHS ENDED 28 FEBRUARY 2018.  Full Article

Connect Says CFO David Bauernfeind To Step Down
Tuesday, 1 May 2018 

May 1 (Reuters) - Connect Group PLC ::CHIEF FINANCIAL OFFICER, DAVID BAUERNFEIND, HAS DECIDED TO STEP DOWN FROM HIS ROLE.  Full Article

Connect Group Provides Update On Disposal Of Books Division
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Connect Group Plc ::UPDATE ON THE DISPOSAL OF THE BOOKS DIVISION.‍DISPOSAL WAS CONDITIONAL ONLY ON ANTI-TRUST MERGER APPROVAL FROM GERMAN FEDERAL CARTEL OFFICE WHICH WAS SUBSEQUENTLY RECEIVED JAN 17.‍SPA IS NOW UNCONDITIONAL AND UNDER ITS TERMS COMPLETION IS OBLIGED TO OCCUR BY 31 JANUARY 2018 AT LATEST​.HAS BEEN NOTIFIED BY A LETTER RECEIVED.ON JAN 21 2018 STATING, INTER ALIA, THAT AURELIUS OMEGA "CAN NO LONGER COMPLETE ON CURRENT TERMS​.‍HAS SOUGHT URGENTLY TO CLARIFY AURELIUS' POSITION‎, INCLUDING LEGAL BASIS, IF ANY, UPON WHICH IT PURPORTS NOT TO COMPLETE ON TRANSACTION​.  Full Article

Connect Group ‍Signs Agreement To Dispose Books Division
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Connect Group Plc ::DISPOSAL OF BOOKS DIVISION.‍SIGNED AGREEMENT TO DISPOSE BOOKS DIVISION (CONNECT BOOKS) WITH AURELIUS EQUITY OPPORTUNITIES SE & CO. KGAA.DISPOSAL IS FOR TOTAL CASH CONSIDERATION OF UP TO £11.6M​.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Sept. 6

Sept 6 Britain's FTSE 100 index is expected to open lower on Friday, with futures trading down 0.2% at 7253.