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The Latest Breaking News from WH Smith

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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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.

Evening Standard

National Railway Museum reopens space after £10.5m refit

Station Hall showcases more than 200 years of transport history

The Independent UK

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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 Independent 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

The Guardian - UK

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.

Evening Standard

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 Independent 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

The Guardian - UK

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Evening Standard

FTSE 100 Live 21 August: WH Smith error hits shares, Hays slashes dividend

An accounting error at WH Smith and dividend reset by Hays today put their midcap shares in the spotlight during another record session for the FTSE 100 index.

The Guardian - UK

‘I didn’t realise the game’s impact for years’: the making of the original Football Manager

When Kevin Toms created the first footie tactics simulation in the early days of the gaming industry, it became a phenomenon – and a source of cherished memories

The Independent UK

WH Smith sells Funky Pigeon to card giant for £24m

The deal will see Card Factory become the UK’s second largest online card and related gift retailer

Evening Standard

Funky Pigeon sold to Card Factory for £24m

Funky Pigeon specialises in personalised cards and gifts and makes around £32 million in sales on average a year.

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news in one place.

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Evening Standard

WH Smith cuts sale price of high street business after weaker trading

The retailer said buyer Modella had sought to renegotiate after recent trading had been ‘softer’.

The Guardian - UK

WH Smith cuts sale price of high street business by £12m

Modella Capital negotiates price downwards after weaker trading in recent weeks

The Guardian - UK

Lower-income consumers missing out on pay rises fuels fall in sales at B&M

Shares down in early trading as retailer also blames ‘challenging UK retail trading environment’ after profits slide

The Independent UK

The big change looming for WH Smith shoppers

IN FULL

The Independent UK

WH Smith could disappear from UK high streets within weeks

The iconic British chain will see all its high street stores renamed

Evening Standard

WH Smith to complete sale of high street chain within weeks

The sale to Modella Capital will mean the WH Smith name disappears from British high streets and is replaced by brand TGJones.

Evening Standard

FTSE 100 Live 04 June: WH Smith upbeat, B&M profit hit by UK sales squeeze

The contrasting fortunes of second tier retailers WH Smith and BM today provided the focus during a subdued session for FTSE 100 investors.

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