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Tag: smith

WH Smith raises £166m to shore up finances during Covid-19 crisis | Business

WH Smith has successfully raised almost £166m from investors after launching an emergency cash call to shore up its balance sheet while the majority of its shops remain closed during the coronavirus crisis. The retailer managed to place 15.8m shares at 1050p per share, representing a discount of 4p on the previous day’s closing share …

WH Smith raises £166m to shore up finances during Covid-19 crisis | BusinessRead More

WH Smith warns on profits as coronavirus empties airport shops | Business

WH Smith has become the latest company to issue a profit warning because of the coronavirus pandemic, which has led to a major drop in shoppers at its airport outlets. The books and stationery store chain flagged a “significant impact” on its shops at airports in the Asia Pacific region, which account for 5% of …

WH Smith warns on profits as coronavirus empties airport shops | BusinessRead More

WH Smith moves Telegraph titles to magazine section | Business

WH Smith has moved the Daily Telegraph and Sunday Telegraph to the magazine section in more than 1,000 outlets across the UK as the retailer attempts to gain the upper hand in commercial negotiations with the newspaper group. Telegraph Media Group, the parent of the titles, said it had not requested the placement change, suggesting …

WH Smith moves Telegraph titles to magazine section | BusinessRead More

Telegraph drops WH Smith water promo as pre-tax profits fall 94% | Media

The Daily Telegraph has stopped giving away bottles of water with copies of its newspaper at branches of WH Smith, as the company focuses on selling website subscriptions rather than shoring up sales of its print product. The decision, which ends the routine of Britons being offered a copy of the broadsheet when they buy …

Telegraph drops WH Smith water promo as pre-tax profits fall 94% | MediaRead More