What the City makes of WHSmith’s capital raise
WHSmith’s travails seem to be going from bad to worse, with the retailer issuing another profit warning today and launching an (ultimately successful) c.£100m capital raise.
While sales in the 14 weeks to June 6, 2026, rose 5%, the retailer’s profits continued to deteriorate due to its ongoing North American issues and the ongoing knock-on effects linked to the Middle East conflict.
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