Edition:
United Kingdom

WH Smith PLC (SMWH.L)

SMWH.L on London Stock Exchange

1,791.00GBp
8:59am BST
Change (% chg)

11.00 (+0.62%)
Prev Close
1,780.00
Open
1,772.00
Day's High
1,796.00
Day's Low
1,772.00
Volume
8,181
Avg. Vol
296,676
52-wk High
2,347.00
52-wk Low
1,748.00

Latest Key Developments (Source: Significant Developments)

WH Smith To Restructure High Street Business Amid Tough Retail Environment
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - WH Smith PLC ::FY PRETAX PROFIT FELL 4 PERCENT TO 134 MILLION STG.TRAVEL PERFORMANCE HAS BEEN DRIVEN BY OUR ONGOING INVESTMENT IN STORES AND GROWTH IN PASSENGER NUMBERS.WE HAD A GOOD YEAR IN HIGH STREET DESPITE WELL DOCUMENTED CHALLENGES OF UK HIGH STREET- CEO.WE ARE NOT IGNORING BROADER CHALLENGES ON UK HIGH STREET AND, DURING SECOND HALF, WE CONDUCTED A BUSINESS REVIEW.CONDUCTED A BUSINESS REVIEW TO ENSURE OUR HIGH STREET BUSINESS IS FIT FOR PURPOSE NOW AND FOR FUTURE.BOARD HAS PROPOSED A 13% INCREASE IN FINAL DIVIDEND AND WE HAVE TODAY ANNOUNCED A FURTHER SHARE BUYBACK OF UP TO £50M.SAYS FY HEADLINE GROUP PROFIT BEFORE TAX 134 MILLION STG VERSUS 140 MILLION STG LAST YEAR.WE ARE WELL POSITIONED FOR CURRENT YEAR AND BEYOND.HAVE CREATED A PLAN THAT ENABLES US TO BETTER STRUCTURE HIGH STREET BUSINESS FOR FUTURE.SAYS FY GROUP PROFIT FROM TRADING OPERATIONS 163 MILLION STG VERSUS 158M MILLION STG.FOCUSING ON CORE BUSINESS; WINDING DOWN NON CORE INITIATIVES OF CARDMARKET AND WHSMITH LOCAL; RESTRUCTURING SOME OPERATIONAL ACTIVITIES.EXPECTS OPENING AROUND 15-20 NEW UNITS ACROSS ALL THREE CHANNELS IN UK THIS YEAR WITH AROUND 15 NEW UNITS EACH YEAR OVER FOLLOWING TWO YEARS.  Full Article

WH Smith Says High Street Business Performing In Line With Expectations
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - WH Smith PLC ::HIGH STREET BUSINESS CONTINUES TO PERFORM IN LINE WITH EXPECTATIONS.EXPECTS OUTCOME FOR YEAR TO 31 AUGUST 2018 TO BE IN LINE WITH EXPECTATIONS.COST SAVINGS AND MARGIN IMPROVEMENTS HAVE BEEN DELIVERED IN LINE WITH PROFIT FOCUSED STRATEGY.CONTINUE TO INVEST IN NEW STORE FORMAT TRIALS AND HAVE DEVELOPED FURTHER STATIONERY RANGES.TRAVEL BUSINESS CONTINUES TO PERFORM STRONGLY WITH GOOD SALES ACROSS ALL CHANNELS.NEW STORE OPENING PROGRAMME BOTH IN UK AND INTERNATIONALLY IS IN LINE WITH PLAN.  Full Article

WH Smith Says Chairman Henry Staunton Appointed As Chairman Of Capital & Counties Properties
Tuesday, 5 Jun 2018 

June 5 (Reuters) - WH Smith Plc::HENRY STAUNTON, CHAIRMAN OF WH SMITH PLC, HAS BEEN APPOINTED AS CHAIRMAN OF CAPITAL & COUNTIES PROPERTIES PLC WITH EFFECT FROM TUESDAY.  Full Article

WH Smith H1 Group Pretax Profit 82 Mln Stg Vs 83 Mln Stg Year Ago
Thursday, 12 Apr 2018 

April 12 (Reuters) - WH Smith PLC ::INTERIM DIVIDEND 16 PENCEPER SHARE.H1 GROUP PROFIT BEFORE TAX AT £82M VERSUS £83M YEAR AGO.H1 GROUP REVENUE GROWTH DECLINE OF 1 PERCENT VERSUS 2 PERCENT GROWTH A YEAR AGO.H1 HIGH STREET REVENUE DOWN 5 PERCENT VERSUS A 4 PERCENT DECLINE A YEAR AGO.H1 HIGH STREET TRADING PROFIT AT £50M VERSUS £53M YEAR AGO.SAYS INCREASED INTERIM DIVIDEND BY 10%.  Full Article

WH Smith says says FY pretax profit rose 7 pct
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Wh Smith Plc :FINAL DIVIDEND 33.6 PENCEPER SHARE.TOTAL DIVIDEND UP 10 PERCENT TO 48.2 PENCEPER SHARE.FY PRETAX PROFIT ROSE 7 PERCENT TO 140 MILLION STG.FY GROUP PROFIT BEFORE TAX AT ‍140​ MILLION STG VERSUS 131 MILLION STG YEAR AGO.FY TRAVEL TRADING PROFIT AT ‍96​ MILLION STG VERSUS 87 MILLION STG YEAR AGO.FY HIGH STREET TRADING PROFIT AT ‍62​ MILLION STG VERSUS 62 MILLION STG YEAR AGO.‍FY TOTAL GROUP REVENUE WAS UP 2% AT £1,234M​.FOR FY, ‍PROFIT IN TRAVEL IS UP 10% TO £96M, NOW OVER 60% OF GROUP TRADING PROFIT​.‍FY GROUP LFL REVENUE FLAT COMPARED TO LAST YEAR​.‍"WE HAVE WON 273 STORES ACROSS 25 COUNTRIES, INCLUDING NEW STORES IN SINGAPORE AND ROME"​." ‍ADDITIONAL £9M OF COST SAVINGS HAVE BEEN IDENTIFIED OVER NEXT THREE YEARS MAKING A TOTAL OF £18M OF WHICH £9M ARE PLANNED FOR 2017/18"​.  Full Article

UPDATE 1-Global equity sell-off sends Britain's FTSE to April lows

LONDON, Oct 11 UK shares closed at their lowest since April as a global sell-off on equity markets caused by fears of fast-rising rates showed no sign of ending on Thursday despite data showing slower than expected U.S. inflation.