WH Smith
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WH Smith Cuts Outlook, Seeks Capital as Iran War Weighs on Sales
A WH Smith store at an airport in Spain. Photographer: Xavi Lopez/LightRocket
WH Smith to raise £100m as it warns on profits due to Iran war
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...
WH Smith to raise £100m as it warns on profits due to Iran war
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...
WH Smith to raise £100m as it warns on profits due to Iran war
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...
Asian stocks fall as US and Iran exchange fire – business live
Rolling coverage of the latest economic and financial newsElsewhere this morning, WH Smith has said it wants to raise about £100m as the conflict in the Middle East starts to affect its profit. The high street retailer says it will place up to 26 million shares, or about 20% of its existing share capital, alongside a separate offer for retail investors in the UK.The business has a strong core and operates in attractive markets with ample scope for profit expansion, particularly in North...
UK shoe store chain Wynsors may close stores as restructuring puts 100 jobs at risk
UK shoe store chain Wynsors may close stores as restructuring puts 100 jobs at risk Wynsors World of Shoes is reportedly considering closing several stores as part of a restructuring process that could affect around 100 jobs, after it was acquired by an investment firm six months ago Footwear retailer Wynsors World of Shoes is undergoing a restructuring process that could place 100 jobs in jeopardy, just six months after the chain was acquired by an investment firm. Investment firm Modella...
Flying Tiger snapped up by Modella Capital amid fears for its future
UK private equity firm Modella Capital has acquired the retailer Flying Tiger. The investment firm, which also owns TG Jones, is reportedly backing the existing management of the Danish homewares chain.
High street bloodbath as more than 120,000 shops close across UK in past decade
High street bloodbath as more than 120,000 shops close across UK in past decade Research reveals how more than eight out of 10 department stores have closed since 2016 More than 120,000 shops have closed across the UK in the past decade, a report found. The mass decline in the number of stores comes as many communities have also seen a wave of other businesses vanish too. That includes nearly 6,600 bank branches that shut between 2016 and 2025, according to research by package price...
Flying Tiger snapped up by Modella Capital amid fears for its future
UK private equity firm Modella Capital has acquired the retailer Flying Tiger. The investment firm, which also owns TG Jones, is backing the existing management of the Danish homewares chain.
Werner Herzog in conversation with Paul Cronin (2014)
Most of what we’ve heard about Werner Herzog is untrue. The sheer number of false rumors and downright lies disseminated about the man and his films is truly astonishing. Yet Herzog’s body of work is one of the most important in postwar European cinema.