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Checkit Share Price Soars Over 7% on John Lewis Partnership

Practice Stock Trading
Updated: 19 October 2020

Shares of Checkit PLC (LON: CKT) soared over 7% today after the company confirmed it agreed a 3-year contract with John Lewis Partnership.

The provider of workflow management software solutions will work to help John Lewis with connected workflow, asset monitoring and building management solutions in the next three years.

“Checkit UK Limited has worked with the John Lewis Partnership since 1993 and we are delighted to be continuing and developing that relationship going forward, with digital innovation at the heart of our new agreement.”

The agreement has been focused on the deployment of Checkit's CWM platform, which automates manual processes and replaces paper and documents with digital process tools.

The deal comes just a week after John Lewis announced a deal to sell 60%-70% of its products online in the next five years.

Checkit stock price gains on a deal with John Lewis Partnership October 2020

Checkit share price is now trading at 47.3p, which is more than 7% higher compared to Friday’s closing price. Shares are up almost 40% since the beginning of the year.

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