WH Smith

WH Smith Shares Drop 42% After £30 Million Accounting Error

ByZain

WH Smith faces a tough time in the stock market. Shares fell 42% after news of a £30 million accounting error broke. This drop cut the company’s market value by £600 million. We see this error came from the North American arm. They logged income too early, like supplier rebates and marketing payments. Profits for…

WH Smith

WH Smith Lowers High Street Sale Price as Shares Drop 5%

ByRubaisha

WH Smith, the historic British retailer, shocked the market today by renegotiating the sale of its high street business with Modella Capital, reducing the expected proceeds from £52 million to £40 million. This prompted a sharp 5% drop in shares. Let’s see why this matters and what it means for the future. What Just Happened?…