FCA probe and bonus clawbacks: WH Smith acts against former directors as North America profit plunges Retail WH Smith’s board will trigger clawback provisions for senior executives following accounting errors woes that had resulted in a probe by the Financial Conduct Authority (FCA). WH Smith chief executive Carl Cowling stepped down with immediate effect last month after the report, produced by Big Four audit firm Deloitte, identified weaknesses in the operations of [...]
WH Smith: High street profit slumps ahead of Modella sale Retail WHSmith’s high street division has reported a significant drop in trading profit, falling by over 30 per cent as it prepares for its sale to private equity firm Modella Capitlal. The retailer’s high street business delivered a profit of £15m for the six months to Febuary 28, 2025, down from £22m in the same period [...]
WHSmith and Inchcape lead fall in retail stocks Retail UK retail stocks have dropped in value this morning, led by a sell-off of WHSmith, Inchcape and AO World. Earlier today, tax body RSM said that price rises at UK retailers as a result of the tariffs were “inevitable”. “The tariffs announced by President Trump this week would in themselves be a blow to the [...]