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BREAKING NEWS

Connect Group says sale of some Tuffnells properties unlikely before year-end

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(Reuters) – Connect Group Plc <CNCTC.L> said on Tuesday it does not expect the sale of some properties in its Tuffnells estate to be completed before the end of the year, as proposals did not meet the company’s expectations.

The newspaper distributor and parcel delivery company also said its overall performance since May has been slightly below market expectations, hurt by a slower turnaround performance at its business which distributes mixed and irregular freight.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shounak Dasgupta)

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