Smiths News locks in £375m of national contracts but delivery of profits to come later

Smiths News has secured contracts it says will add £375m a year in revenue and underpin the business until 2037, but the cost of building a national network means the group faces a dip in profitability next year.

The newspaper and magazine wholesaler has signed exclusive deals with News UK, Associated Newspapers (ANL) and Telegraph Media Group, plus magazine distributors Frontline and Seymour. They take effect in stages, from July 2027 with News UK, then the Telegraph in October 2027 and ANL in January ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...