WH Smith PLC (WHTPF)
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WH Smith Faces Probe From U.K. Financial Watchdog
The Financial Conduct Authority opened an investigation over potential breaches of U.K. listing principles, disclosure and transparency rules.
UK's WH Smith cuts profit outlook for North American operations
British travel retailer WH Smith lowered its full-year profit outlook for its North America division on Thursday after a review uncovered an overstatement of earnings linked to supplier income.
Goodbye WH Smith. Like its carpets this high street fixture has seen better days
Remember the WH Smith carpet? You do.
WH Smith to sell UK high street business for nearly $100 million
British retailer WH Smith on Friday agreed to sell its UK high street business to Modella Capital for 76 million pounds ($98.33 million), to streamline its operations and create a pure play global travel retailer.
WH Smith: We're A Willing Buyer
WH Smith stock is just hovering above its pandemic lows, presenting a buying opportunity for long-term investors, despite the recent bearish sentiment. The business has a rapidly growing Travel segment commanding higher premiums, helping both its top and bottom line, which should lift EPS higher alongside stock buybacks. The potential sale of its High Street arm could free up ample capital for the board to reallocate more efficiently and enhance shareholder value over the medium term.
WH Smith surges as future now rests in travel business - analysts
WH Smith PLC surged on Wednesday after detailing strong trading within its now core travel business. Having detailed plans to sell its 500-store-strong high street wing earlier in the week, analysts noted it was “no coincidence” WH Smith had solid travel figures in the locker.
WH Smith sales boosted by travel as high street weaker before sale
WH Smith PLC has said revenue grew over the start of the first half, boosted by its travel division as high street sales declined ahead of a planned sale of the business. Group revenue climbed by 3% in the 21 weeks to January 25, fuelled by a 7% increase at travel-focused stores in the likes of airports and train stations.
British retailer WH Smith posts higher revenue growth on robust travel demand
British travel retailer WH Smith reported on Wednesday a 4% rise in its group revenue for the 21-week period ended Jan. 25, fuelled by higher footfall as more people travelled during the Christmas holiday season.
WH Smith eyeing sale of 500-store high street business
WH Smith PLC is exploring a sale of its high street business as focus turns to the travel sector, the retailer has confirmed. “WH Smith confirms that it is exploring potential strategic options for this profitable and cash-generative part of the group, including a possible sale,” a statement said.
UK's WH Smith says it is exploring potential sale of high street arm
British retailer WH Smith said on Saturday that it was exploring potential strategic options for its high street business, including a sale.
WH Smith might benefit as Post Office proposes branch closures
The Post Office plans to close 115 branches and cut hundreds of jobs in its head office under a strategic review led by new chairman Nigel Railton. Among the 11,5000 branches around the UK, there are 115 wholly-owned 'crown' Post Office branches, employing around 1,000 workers and mostly loss-making.
WH Smith's tale of two businesses set to continue
WH Smith's update next week should continue the recent trend of a booming travel business held back by a high street newsagent's chain in managed decline. Interim profits fell overall but travel was up 6% to £50 million with all the weakness on the high street.
