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The Latest Breaking News from WH Smith

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

The travel retail specialist confirmed last week it is being investigated by the UK’s financial watchdog after it overstated North American profits.

Evening Standard

‘I’ll never say I’m popping to Jones’s’: shoppers yet to feel love for WH Smith’s high street replacement

TG Jones took over stores six months ago but consumers have noticed little change or investment

The Guardian - UK

WH Smith tries to recover bonuses from ex-bosses as watchdog investigates accounting error

Retailer targets £7m in bonuses as FCA examines scandal in North American arm

The Guardian - UK

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WH Smith bids to recover overpaid bonuses to bosses as accounting issues probed

Interim boss Andrew Harrison said he was ‘acutely aware that we have much to do to rebuild confidence’ in WH Smith.

Evening Standard

WH Smith to unveil delayed results as progress hit by accounting errors

The retailer, which is now focused on travel stores, will reveal its results for the year to August 31 on Friday December 19.

Evening Standard

Card Factory issues shock profit warning during peak Christmas period

Retailer, which also owns Funky Pigeon, says economic pressure has hit shoppers’ confidence

The Guardian - UK

WH Smith delays results again after accounting errors

The retailer told shareholders the delay would give auditor PwC ‘further time to complete the required audit procedures’.

Evening Standard

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FTSE 100 Live 12 December: GDP reverse fuels rate cut bets, Card Factory slides

The UK economy declined by 0.1% for a second successive month in October, figures today showed.

Evening Standard

FCA makes inquiries into WH Smith accounting error that wiped almost £600m off value

Regulator assessing whether firm breached UK disclosure rules for listed companies, but is yet to launch formal investigation

The Guardian - UK

Pound falters as soft inflation tees up rate cut

Analysts say that there is potential for the Bank of England to resume cutting rates in December.

The Independent UK

Severn Trent chief executive to step down after becoming longest serving female boss in FTSE 100

Liv Garfield is currently the longest serving female boss in London’s blue chip share index, followed by GSK chief executive Dame Emma Walmsley,

The Independent UK

WH Smith CEO quits after accounting error that wiped almost £600m off value

Company slashes profit outlook as it takes hit from blunder in North American division

The Guardian - UK

WH Smith boss quits after investigation into 'extremely serious' accounting errors in North America

Profits in US division now expected to be as low as £5 million compared with £55 million before the shortcomings were exposed

Evening Standard

WH Smith boss steps down as retailer issues fresh profit warning

Andrew Harrison, who currently heads the group’s UK division, has been appointed on an interim basis

The Independent UK

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Evening Standard

WH Smith boss steps down after US accounting probe

The group downgraded its full-year expectations once again as the profit shortfall in the US is set to be greater-than-feared.

Evening Standard

WH Smith postpones annual results amid probe into US accounting error

The retailer slashed its profit outlook in August after discovering it had overstated trading profits in North America by about £30 million.

Evening Standard

FTSE 100 reaches new high as gold and oil surge

Commodity strength and well received trading updates added up to a record day for stocks and shares.

The Independent UK

National Railway Museum reopens space after £10.5m refit

Station Hall showcases more than 200 years of transport history

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The Independent UK

Owner of WH Smith’s high street chain frontrunner to buy Claire’s UK business

Claire’s appointed administrators for its UK and Ireland business last month after filing for bankruptcy in the US.

The Independent UK

‘Lifesaving’ devices to be sold in airports after British man died in Ecuador

Hudson Foley, 24, died from carbon monoxide poisoning at a homestay in Ecuador in August 2023

The Independent UK

Ex-WH Smith finance boss delays Greggs board appointment amid accounting probe

Robert Moorhead had been due to join the bakery chain’s board in October.

The Guardian - UK

WH Smith’s US adventure is now stuck in an accounting hole

The plunge in the group’s share price looks more than justified. And while expansion plans survive, big questions remain

Evening Standard

WH Smith shares tumble after lowering profit outlook on US accounting error

Shares in the London-listed travel retailer were down by about a third on Thursday morning.

The Independent UK

WH Smith shares tumble after £30 million accounting error

The London-listed travel retailer warned its yearly profits will be lower than previously expected

The Guardian - UK

Almost £600m wiped off WH Smith value after £30m accounting error

Group cuts profit forecasts and launches review after mistake relating to North American arm

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