Smiths News boosted by purchases
Smiths News said it expects profits this year to be at the top end of market expectations after it was boosted by acquisitions.
Smiths News said it expects profits this year to be at the top end of market expectations after it was boosted by acquisitions.
Total group revenues for the 44 weeks to 7 July increased 3.3% year-on-year, lifted by contributions from recent purchases Dawson Books and The Consortium, a supplier of educational products.
Smiths News revenues declined by 4.1% on a like for like basis, with increasing cover price supporting newspaper performance and largely offsetting volume declines.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Revenues at the Norfolk-based book supplier Bertram increased 32.5%, including Dawson Books, and by 4.3% on a like-for-like basis.
Both UK wholesale and international were trading marginally above last year with library services continuing to trade well above last year, the firm said.
The Consortium has traded in line with management expectations with revenues for the 11 weeks post acquisition 7.2% above last year, it added.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published