WH Smith plunges after annual profit forecast cut on Iran war impact
10/06/2026 08:26
BUZZ-WH Smith plunges after annual profit forecast cut on Iran war impact ** Shares of British travel retailer WH Smith SMWH.L down 15.7% at 451p, hit lowest level in nearly 16 years
** Stock top loser on the mid-cap .FTMC index, which is up 0.18%
** Group now expects annual headline profit before tax and non‑underlying items of £75 mln–£90 mln ($100.41 mln-$120.49 mln), below previous forecast of £90mln–£105 mln, as disruptions from Iran war weigh on global travel
** Co announces capital raise representing 20% of share capital
** YTD, stock has fallen ~22%
($1 = 0.7469 pounds)
(Reporting by Tuhina in Bengaluru)
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