WH Smith launches £50m share buyback after strong summer
Retail group WH Smith is to return £50m to shareholders after it "ended the financial year in a strong position".
Revenues were up 7% in the year to August, led by its travel division which performed well over its peak summer trading period.
The retailer said its performance was driven by strong passenger numbers and key initiatives, with its new food-to-go offer, Smith's Family Kitchen, "performing ahead of expectations".
However its high street business saw a 4% fall in revenues. In the last six months it has opened 30 Toy... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
