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Pin to quick picksSmiths News Share News (SNWS)

Share Price Information for Smiths News (SNWS)

London Stock Exchange
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Share Price: 58.60
Bid: 58.40
Ask: 59.00
Change: -2.00 (-3.30%)
Spread: 0.60 (1.027%)
Open: 59.00
High: 59.60
Low: 58.60
Prev. Close: 60.60
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STOCKS NEWS EUROPE-UK small caps up 0.6 pct; Smiths News rallies

Tue, 09th Jul 2013 13:50

UK small caps and junior-listed AIM shares rise 0.5-0.6percent, underperforming the mid-caps and the blue chips, up 0.9percent and 1 percent, respectively.

Shares in Smiths News Plc rise 7.7 percent as the largest newspaperand magazine distributor in Britain says it won two contract extensions with acombined value of more than 320 million pounds ($478 million).

It also reports a marginal increase in revenue for the 44 weeks to July 6,which included a contribution from its 2012 acquisition of The Consortium, adistributor of consumable supplies to the education.

"We consider this a reassuring update," analysts at N+1 Singer say. "Weconsider the sales decline at the Consortium somewhat disappointing but today'scontract renewals within News are clearly good news for the medium term."

Shares in blur Group rise 13.3 percent as the e-commerce group winsits largest contract to date at $3.6 million and says the total value ofprojects submitted in the second quarter more than trebled year on year.

Reuters messaging rm://francesco.canepa.thomsonreuters.com@reuters.net

More News
9 Jul 2013 09:58

UPDATE 1-Smiths News wins contract extensions; shares rise

(Adds analysts' comments, details; updates share movement) By Abhirup Roy July 9 (Reuters) - Smiths News Plc, the largest newspaper and magazine distributor in the UK, said it won two contract extensions with a combined value of more than 320 million pounds ($478.00 million), pushing

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9 Jul 2013 06:28

Smiths News revenue rises marginally on acquisition

July 9 (Reuters) - Smiths News Plc, the largest newspaper and magazine distributor in the UK, said revenue in the 44 weeks to July 6 rose marginally, helped by contribution from the acquisition of The Consortium. The company also said that it was on track to meet market estimates for full-y

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15 Jan 2013 17:34

STOCKS NEWS EUROPE-UK small caps close up 0.2 percent

The FTSE Small Caps index closes 0.2 percent higher, with the FTSE 250 index up 0.1 percent, and the FTSE 100 index up 0.2 percent. Egdon Resources jumps 10.3 percent as the firm releases an independent evaluation by RPS Energy of the potential shale-gas resources in its onshore U.K. East Midland li

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