WHSmith (SMWH.L) issued trading update for the 14 week period to 6 June 2026. Total revenue in the period increased by 5% on a constant currency basis versus the prior year and LFL revenue was up 2% from the prior year. WHSmith projects fiscal 2026 headline Group profit before tax and non-underlying items in a range of 75 million pounds - 90 million pounds. The Group revised outlook ahead of peak summer trading against a backdrop of ongoing uncertainty. The Group said it assumes no near-term improvement in consumer confidence and that jet fuel supplies can be maintained.
Separately, WH Smith announced its intention to conduct a capital raise, including through a non-pre-emptive placing, of up to approximately 26 million new ordinary shares in the company, representing approximately 20% of its existing share capital. The company noted that it has experienced a downturn in trading conditions as a result of the conflict in the Middle East which has impacted passenger numbers. The Board believes the capital raise is in the best interests of shareholders. WH Smith also announced a conditional retail offer of new ordinary shares in the capital of the company via RetailBook.
At last close, WHSmith shares were trading at 492.20 pence, down 1.48%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.