Trading performance delivers results ahead of market expectations. Smiths News have secured major contract renewals, with 91% of existing publishers revenues to at least 2029, underpinning both short and medium-term revenues and the expansion of our early morning supply chain activities.

Jonathan Bunting, Chief Executive Officer, commented:

“The business has made a good start to year with Smiths News on track to deliver full year results in line with market expectations. The News and Magazines business continues to underpin our growth ambitions, as we seek to further leverage our early morning supply chain expertise and expand our offering. Having now renewed over 91% of our existing publisher contract revenues through to 2029, not only does this provide the business with excellent visibility across the medium term but provides an enviable platform to deliver additional stakeholder value.”