Mark Kleinman: Are Barclays pay rows a mere historical relic? January 30, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly CityAM column. This week, he tackles pay rows at Barclays, how WH Smith is clinging on and a floating debate for Monzo Are Barclays pay rows a mere historical relic? There was a time when Barclays and public [...]
WH Smith: Travel drives growth ahead of possible high street exit January 29, 2025 Revenue at WH Smith rose four per cent in the first half of the financial year, driven by growth in its travel stores as it prepares to exit the high street. Total travel revenue rose six per cent like for like in the 21 weeks to January 25, while high street revenue dipped three per [...]
Time to breakup? Which UK stocks might benefit from selling assets January 27, 2025 Selling assets is a fashionable activity for UK stocks: WH Smith announced this morning that it is exploring a possible sale of its high street business to focus on its travel trade, following in the footsteps of Reckitt Bensicker, Marston’s and DCC, all of which have sold assets to unlock value recently. The news from [...]
WH Smith pursuing sale of high street business January 25, 2025 WH Smith is in talks to sell its high street arm, as the £1.5bn company looks to focus entirely on its travel retail business. The company’s high street operation is made up of about 500 stores, employing around 5,000 people. “WH Smith confirms that it is exploring potential strategic options for this profitable and cash [...]
WH Smith: Profit jumps as expansion into travel shops pays off November 14, 2024 WH Smith’s push into travel has paid off with the bulk of its growth in the last year due to higher profit at airports, train stations and motorway services. WH Smith’s revenue rose seven per cent to £1.918bn in the year ended 31 August, 2024, driven by growth in travel shops plus the company’s expansion [...]
Brits urged to adopt pandemic habits ahead of ‘worst winter in history’ October 11, 2024 With flu, Covid and RSV cases rising earlier than expected , Dr Hilary is calling for Brits to self-diagnose at home where possible.
WH Smith shares jump on buyback plan after pension buy-out frees up cash September 11, 2024 WH Smith has announced strong revenue growth, driven by a boost in its airport and train station stores and a £50m share buyback programme. It also announced a £85m cash benefit as the result of its pension fund buy-out. Shares in WH Smith rose more than 12 per cent in early trades. Revenue at the [...]
WH Smith launches first cafe in push to hospitality and food-to-go market August 16, 2024 WH Smith, the 232-year-old stationery store, has decided to move into the hospitality scene with the opening of its first café.
WH Smith’s ‘transformation’ to a ‘one-stop-shop for travel essentials’ reaps rewards June 5, 2024 WH Smith has increasingly sought to rely on its travel arm as demand booms following years of Covid-era lockdowns.
WH Smith finance chief set to retire as senior figure at Burberry picked as replacement for role March 15, 2024 WH Smith has announced that its chief financial officer, after more than two decades at the business, is set to leave the business, to be replaced by a senior member of high-fashion Burberry. Robert Moorhead, the current CFO and chief operating officer of WH Smith, will retire from the business. He joined the company in [...]