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Connect Group streamlines business

Connect Group streamlines business

Connect Group's (CNCT) chief executive, Mark Cashmore, called it a “challenging year” for the newspaper distributor and parcel delivery group - and he’s not wrong. Profitability was constrained due to a weak performance in mixed freight, which, among other things, was forced to cope with an unexpected spike in delivery requests for irregularly shaped items. This unit, along with the early distribution business, are the focus of rationalisation measures by management, specifically the integration of Tuffnells with Smiths News to streamline both operations, thereby saving around £15m a year.

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