Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › WH Smith to raise £100m as it warns on profits due to Iran war
World News

WH Smith to raise £100m as it warns on profits due to Iran war

The Guardian UK Wednesday 10 June 2026, 07:09 UTC By Mark Sweney 1 min read
Key Points

Retailer plans to shut unprofitable stores as shopper numbers at airports fall amid Middle East conflictBusiness live – latest updatesWH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war in the Middle East. The retailer, which operates 1,200 outlets globally in airports, railway stations and hospitals, also announced plans to raise about £100m to strengthen its balance sheet, pay down debt, invest in technology and shut down...

Retailer plans to shut unprofitable stores as shopper numbers at airports fall amid Middle East conflict

WH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war in the Middle East.

The retailer, which operates 1,200 outlets globally in airports, railway stations and hospitals, also announced plans to raise about £100m to strengthen its balance sheet, pay down debt, invest in technology and shut down unprofitable stores after “a downturn in trading conditions”.

Continue reading...
WH Smith (PERSON) Iran (LOCATION) Middle East (LOCATION) Smith (ORG) US (LOCATION) the Middle East (LOCATION)
Originally published by The Guardian UK Read original →

Related Stories

Hong Kong authorities charge seven people after deadly fire

ABC Australia 7m ago

War in Ukraine: Kyiv strikes key Russian supply lines

War in Ukraine: Kyiv strikes key Russian supply lines June 10, 2026Ukrainian forces are fighting for control over the Russian army's key supply routes in the occupied territories of Ukraine. According to Ukrainian military officials, newly developed medium-range weapons are now reaching Russia's logistics routes beyond front lines. Ukrainian drones were reportedly conducting surveillance and attacks in the area around Mariupol.

Deutsche Welle 10m ago

White House World Cup chief defends visa ban for Somali referee, Iranians

Channel News Asia 10m ago

Anti-immigration protests break out in Belfast after knife attack

In Pictures Anti-immigration protests break out in Belfast after knife attack Northern Ireland’s political leaders call for calm after a knife attack led to anti-immigration protests in the capital. Anti-immigration protesters have torched buildings and vehicles in the capital of Northern Ireland, a day after a knife attack was captured in a graphic video. Hundreds of protesters, many of them masked, gathered at several locations across Belfast on Tuesday evening.

Al Jazeera 12m ago