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Evening Standard
Evening Standard
Henry Saker-Clark

WH Smith to claw back £1.5m from ex-bosses after accounting scandal

WH Smith Carl Cowling United Kingdom
WH Smith will shed light on the state of its finances on Friday (Alamy/PA) -

WH Smith is to claw back around £1.5 million in overpaid bonuses from former bosses following an accounting blunder at the retail firm’s US arm.

The travel retail specialist confirmed last week it is being investigated by the UK’s financial watchdog after it overstated profits for its North American business by as much as £50 million due to issues with its audit process.

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