Los Angeles-based activist investor Causeway Capital has boosted its stake in WHSmith amid hopes of a global bounce-back in travel.
In the last month, Causeway has amassed a £178m share in WHSmith, bringing its total stake in the retailer to 9.05%, making it the single largest shareholder. The Los Angeles-based firm is best known in the UK for being the new activist investor pushing for a board shakeup at Rolls Royce.
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