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Sorted Group Holdings PLC shares jumped on Thursday as it secured a renewal of its contract with London-based retailer Marks & Spencer Group PLC. The Manchester-based delivery platform operator said the new contract will run until September 22, 2028. It is based on a continuation of the commercial terms of the existing agreement, Sorted added. In response, shares in Sorted jumped 16% to 22.00 pence in London on Thursday afternoon. Despite this, the stock remains down 70% over the past 12 months. The firm has been in partnership with M&S since 2021. The retailer uses Sorted’s carrier management software to ‘integrate its carrier services across multiple distribution centres into one platform’. M&S also uses Sorted software to monitor performance across in-flight shipments. ‘M&S has a long-standing reputation for outstanding customer experience. We are pleased to have supported their ever-growing online ambitions for many years now and... this renewal... further strengthens our partnership and represents the largest for Sorted to date,’ said Executive Chair Simon Wilkinson. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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