Investor builds ups stake in WHSmith with eye to international travel rebounding

Wh smith gatwick south 2018

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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.