WH Smith (SMWH.L) said it has agreed the sale of its UK High Street business to Modella Capital. Consideration represents an enterprise value of 76 million pounds on a cash and debt-free basis. WH Smith brand is not included in the sale. The Group's Travel divisions will continue to trade under the WH Smith brand. The High Street business will operate for a short transitional period under the WH Smith brand whilst the business rebrands as TG Jones.
The sale does not include the Group's personalised online greeting card business, funkypigeon.com. The Group will explore strategic options for this part, including a possible sale.
The Group stated that it is trading in line with market expectations.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.