UK Smiths News slumps after warning on annual profit
04/11/2026 09:38
BUZZ-UK Smiths News slumps after warning on annual profit ** Shares of newspapers and magazines distributor Smiths News SNWS.L fall 10% to 73.2p
** Stock is the top loser across all London stocks
** Co says costs tied to expand its distribution network across Britain will weigh on profitability in FY27
** Expects expansion to add incremental net profit from FY28, with material benefits anticipated from FY29 and beyond
** YTD, SNWS up ~2% YTD
(Reporting by Nithyashree R B in Bengaluru)