Smiths News PLC (GB:SNWS) has released an update.
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Smiths News PLC has successfully secured a significant long-term contract with Reach PLC, ensuring distribution revenues of approximately £160 million annually through 2029. This contract renewal strengthens Smiths News’ position in the UK’s news supply chain and supports their growth ambitions by securing over 90% of their newspaper and magazine revenues. Investors may find the revenue stability and growth potential of Smiths News attractive, as it continues to play a key role in the distribution of major media brands.
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