Edition:
United States

Connect Group PLC (CNCTC.L)

CNCTC.L on London Stock Exchange

32.50GBp
7:06am EDT
Change (% chg)

0.90 (+2.85%)
Prev Close
31.60
Open
31.50
Day's High
32.50
Day's Low
31.50
Volume
38,432
Avg. Vol
666,921
52-wk High
119.95
52-wk Low
16.76

Latest Key Developments (Source: Significant Developments)

Connect Says Provision Between 1 Mln Stg And 1.5 Mln Stg To Be Made In FY2018
Friday, 14 Sep 2018 02:00am EDT 

Sept 14 (Reuters) - Connect Group PLC ::WORLD CUP DELIVERED LOWER SALES OF STICKERS AND ALBUMS THAN IN PREVIOUS TOURNAMENTS BUT WAS CONSISTENT WITH REVISED EXPECTATIONS.BEEN IN DISCUSSION WITH HMRC REGARDING HISTORIC UNDERPAYMENT IN RELATION TO MISAPPLICATION OF NATIONAL MINIMUM WAGE LEGISLATION IN TUFFNELLS.EXPECTED THAT A PROVISION AMOUNTING TO BETWEEN £1.0M AND £1.5M WILL BE MADE IN FY2018.  Full Article

Connect Group Appoints Jozef (Jos) Opdeweegh As CEO
Monday, 30 Jul 2018 02:01am EDT 

July 30 (Reuters) - Connect Group PLC ::APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER.JOZEF (JOS) OPDEWEEGH HAS BEEN APPOINTED CHIEF EXECUTIVE OFFICER.OPDEWEEGH JOINING BOARD ON 1 SEPTEMBER 2018.  Full Article

Connect Group Says Disposal Of Books Division To Aurelius
Thursday, 15 Feb 2018 02:00am EST 

Feb 15 (Reuters) - Connect Group Plc ::DISPOSAL OF BOOKS DIVISION TO AURELIUS.DISPOSAL OF BOOKS DIVISION TO AURELIUS.‍HAS AGREED REVISED TERMS AND COMPLETED DISPOSAL OF ITS BOOKS DIVISION​.‍DEAL FOR A TOTAL CASH CONSIDERATION OF £6M WHICH WAS PAID AT COMPLETION​.  Full Article

Connect Group Says Aurelius Failed To Complete Transaction Before Agreed Deadline
Thursday, 1 Feb 2018 02:00am EST 

Feb 1 (Reuters) - Connect Group Plc ::UPDATE ON THE DISPOSAL OF THE BOOKS DIVISION.‍UPDATE ON DISPOSAL OF BOOKS DIVISION TO AURELIUS EQUITY OPPORTUNITIES​.AURELIUS FAILED TO COMPLETE TRANSACTION BEFORE AGREED DEADLINE OF MIDNIGHT ON JAN 31, AS IT WAS OBLIGATED TO DO UNDER TERMS OF SPA​.‍CONSIDERING WITH ITS ADVISERS WHAT ACTION IT WILL NOW TAKE IN LIGHT OF THIS DEVELOPMENT​.  Full Article

Connect Says FY Adjusted Pre-Tax Profit For Continuing Operations To Be £42 Mln To £45 Mln​
Monday, 22 Jan 2018 02:23am EST 

Jan 22 (Reuters) - Connect Group Plc ::‍TOTAL GROUP REVENUE FOR CONTINUING OPERATIONS OF £564.5M (FY2017: £584.9M) HAS DECREASED BY 3.5% YEAR TO DATE​.‍EXPECTS FULL YEAR ADJUSTED PROFIT BEFORE TAX FOR CONTINUING OPERATIONS TO BE IN RANGE OF £42M TO £45M​.  Full Article

Connect Group ‍Signs Agreement To Dispose Books Division
Thursday, 21 Dec 2017 02:00am EST 

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

Connect Group expects return to growth in 2018​
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - CONNECT GROUP PLC :‍FINAL DIVIDEND OF 6.7P UP 3.1 PCT, MAKING A FULL YEAR DIVIDEND OF 9.8P, UP 3.2 PCT​.FY ‍PROFIT BEFORE TAX OF 34.2 MLNS TG VERSUS 35.2M MLN STG LAST YEAR.TO CONCENTRATE OUR ACTIVITIES ON OPPORTUNITIES THAT WILL BEST LEVERAGE OUR CORE STRENGTH OF SPECIALIST THIRD-PARTY DISTRIBUTION​.FY ‍REVENUE OF 1.5943 BLN STG VERSUS 1.6458 BLN STG LAST YEAR.TWO-YEAR TRANSFORMATION PROGRAMME ENCOMPASSES COST EFFICIENCIES, NETWORK OPTIMISATION AND NEW CUSTOMER PROPOSITIONS FOR ORGANIC GROWTH​.‍EXPECTS RETURN TO GROWTH IN FY18​.  Full Article

Connect Group says overall performance in 45 weeks to July 15 continues in line with expectations
Monday, 24 Jul 2017 02:00am EDT 

July 24 (Reuters) - CONNECT GROUP PLC ::OVERALL PERFORMANCE IN 45 WEEKS TO 15 JULY 2017 CONTINUES TO BE IN LINE WITH EXPECTATIONS.SAW STRONGER SECOND HALF FROM NEWS & MEDIA OFFSETTING SOFTER TRADING IN PARCEL FREIGHT.  Full Article

Connect sees education & care unit sale completing on or around June 30
Thursday, 1 Jun 2017 02:22am EDT 

June 1 (Reuters) - Connect Group Plc ::Update on disposal of Education & Care division.CMA has earlier today announced that it has unconditionally cleared transaction, paving way for transaction to proceed to completion.‍Expects transaction to complete on or around June 30, 2017​.  Full Article

Connect Group Tesilient reports h1 pre-tax profit 18.1 mln stg
Tuesday, 25 Apr 2017 02:00am EDT 

April 25 (Reuters) - Connect Group Plc ::Resilient H1 performance in more challenging market conditions, no change to outlook.HY revenue £940.5m versus £948.4m year ago.HY profit before tax £18.1m versus £19.2m year ago.HY continuing adjusted profit before tax £23.3m versus £24.5m year ago.Interim dividend of 3.1p reflects confidence in ongoing strength of group.No change in management expectations for full year performance.  Full Article

BRIEF-Connect Says CFO David Bauernfeind To Step Down

* CHIEF FINANCIAL OFFICER, DAVID BAUERNFEIND, HAS DECIDED TO STEP DOWN FROM HIS ROLE Source text for Eikon: Further company coverage: