Mark Kleinman: FCA chief Rathi not at the exit door after all Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he looks at the FCA chief, big Boots to fill and a high street icon FCA chief Rathi not at the exit door after all Embattled, besieged, under-fire: a few short weeks ago, there seemed no [...]
The Capitalist: Pedicabs, WH Smith and HMRC hang-ups Opinion Pedicab politics, the demise of WH Smith and taxman ghostings: catch up on the latest gossip in this week's edition of The Capitalist.
Will the public miss WH Smith if it disappears from the UK high street? YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. Here, he looks at the future of WH Smith. News broke last week that WH Smith was looking to sell its UK high street stores. The company told the London Stock Exchange that it intended to become [...]
Mark Kleinman: Are Barclays pay rows a mere historical relic? January 30, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles pay rows at Barclays, how WH Smith is clinging on and a floating debate for Monzo Are Barclays pay rows a mere historical relic? There was a time when Barclays and public [...]
WH Smith: Travel drives growth ahead of possible high street exit January 29, 2025 Revenue at WH Smith rose four per cent in the first half of the financial year, driven by growth in its travel stores as it prepares to exit the high street. Total travel revenue rose six per cent like for like in the 21 weeks to January 25, while high street revenue dipped three per [...]
Time to breakup? Which UK stocks might benefit from selling assets January 27, 2025 Selling assets is a fashionable activity for UK stocks: WH Smith announced this morning that it is exploring a possible sale of its high street business to focus on its travel trade, following in the footsteps of Reckitt Bensicker, Marston’s and DCC, all of which have sold assets to unlock value recently. The news from [...]
WH Smith pursuing sale of high street business January 25, 2025 WH Smith is in talks to sell its high street arm, as the £1.5bn company looks to focus entirely on its travel retail business. The company’s high street operation is made up of about 500 stores, employing around 5,000 people. “WH Smith confirms that it is exploring potential strategic options for this profitable and cash [...]
WH Smith: Profit jumps as expansion into travel shops pays off November 14, 2024 WH Smith’s push into travel has paid off with the bulk of its growth in the last year due to higher profit at airports, train stations and motorway services. WH Smith’s revenue rose seven per cent to £1.918bn in the year ended 31 August, 2024, driven by growth in travel shops plus the company’s expansion [...]
Post Office: Jobs and branches could be axed in post-scandal shake up November 13, 2024 The Post Office has announced a significant overhaul, with the closing of 115 branches and hundreds of jobs at risk.
Brits urged to adopt pandemic habits ahead of ‘worst winter in history’ October 11, 2024 With flu, Covid and RSV cases rising earlier than expected , Dr Hilary is calling for Brits to self-diagnose at home where possible.