WH Smith

“sold its nearly 500 high‑street stores to private equity firm Modella Capital last year”

“slashed its best‑scenario forecast for profit before tax by £15m, cutting its range from between £90m and £105m to between £75m and £90m”

“like‑for‑like revenue in the last 14 weeks jumped by two per cent year on year, as sales in its airport businesses dropped by one per cent”

“like‑for‑like revenue dropped one per cent in the last 14 weeks, and four per cent in the last seven weeks”

“citing a two per cent decline in like‑for‑like sales at its airport stores in the region”

“placing of 26m new shares, accounting to 20 per cent of its existing share capital”

“sold its nearly 500 high-street stores to private equity firm Modella Capital last year.”

“The firm slashed its best-scenario forecast for profit before tax by £15m, cutting its range from between £90m and £105m to between £75m and £90m.”

“The firm’s like-for-like revenue in the last 14 weeks jumped by two per cent year on year, as sales in its airport businesses dropped by one per cent.”

“where like-for-like revenue dropped one per cent in the last 14 weeks, and four per cent in the last seven weeks.”

“citing a two per cent decline in like-for-like sales at its airport stores in the region.”

“The firm has kicked off the capital raise with the placing of 26m new shares, accounting to 20 per cent of its existing share capital.”