IN BRIEF: Smiths News inks contract renewal with The Guardian

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Smiths News PLC - Swindon, England-based newspaper wholesaler - Secures a new long-term contract with Guardian News and Media. Says the deal is for all of Smiths News’ current distribution territories in the UK through to 2031. Adds that it has secured long-term contracts with over 96% of its newspaper and magazine revenues through to 2029.

‘I am delighted that we have agreed a new contract with The Guardian, marking the last of the material newspaper and magazine contracts due for renewal in the 2024-2026 contract round,’ says Chief Executive Jon Bunting.

‘The extent of our long term contracts with publishers continues to demonstrate the pivotal role Smiths News plays in the early morning supply chain.’

Current stock price: 64.40 pence, down 1.2% on Thursday afternoon in London

12-month change: up 17%

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