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Severn Trent to kick off water sector updates on Tuesday; retailers also in focus
The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
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LON:SMWH
WHSmith PLC has 548 high street stores and 433 travel outlets at airport, train station, hospital and motorway service area locations across the UK which sell a wide range of newspapers, magazines, stationery, books and entertainment products.
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The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
RBC’s preferred stocks are Next and Primark owner Associated British Foods
Peel Hunt reiterated a 'buy' recommendation on WH Smith and raised its target price to 2,550p from 2,500p, saying "there is much to like in today's interims".
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
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Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
The FTSE 250 newsagent said total sales for the 20 weeks to 19 January were up 6% while like-for-like sales were flat, however, its travel arm saw stronger LFL growth of 3%
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Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
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Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
Investments and investor services
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
The company said Swann – formerly CEO of WH Smith - will leave her role at the end of May 2019 and will be succeeded by Simon Smith, who is currently the UK and Ireland CEO
“Our knee-jerk reaction to the InMotion deal was upbeat and, the more that we look at it strategically, the more excited we become,” said Peel Hunt analysts
The FTSE 250-listed retailer pointed out that the acquisition will double the size of its fast-growing international travel business and said it expects the purchase to be earnings per share accretive in the first full financial year after
RBC prefers Next and WH Smith and has an 'outperform' rating on these stocks
Toys R Us, High & Mighty, Jacamo, Simply Be, GAME, Staples, MFI, Athena, Unipart, Tie Rack, Blockbuster, Barratts (shoes), Jessops, JJB Sports, Shoe Express and many other famous names have all disappeared from the UK High Street or retail
“During an encouraging second half, the High Street business traded well and we quickly identified the latest trend in the market, becoming a one-stop-shop for all slime related products," said Stephen Clarke, the group's CEO
Investments and investor services
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
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Solid results from sector peer PageGroup should give Hays shareholders cause to feel optimistic
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The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
The retailer is trying out a new format on its high street estate - one where, perhaps, it fits threadbare carpets from the off rather than letting them become so - but the main focus remains on its travel-hub outlets
In the currency markets, the pound is down 30% against the US dollar, while the pound is up 0.26% against the Euro..