Investments and investor services
WH Smith, Hunting and Hays to be in Thursday’s spotlight
Retailer WH Smith heads the highlights for Thursday's schedule.
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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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Investments and investor services
Retailer WH Smith heads the highlights for Thursday's schedule.
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The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
The retailer has been pulling investment from its high street stores and putting it into the ‘travel’ side of its business, which is benefitting from an increase in plane and rail passengers
A look at some of the biggest risers and fallers in London on Wednesday
WH Smith has been shifting investment from its ailing high street stores to its travel business, which is proving to be a “masterstroke”
The UK's premier index added over 25 points at 7,712, with resource stocks taking up four of the top five positions.
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The expectation is that, as per usual, the newsagents outlets in travel hubs will offset the long, slow decline of the high street estate
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Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
The customers complained about the books and stationery retailer’s customer service and labelled it a “horrid shop”, Which? said on its website
Good passenger traffic boosted international airport revenues
Investments and investor services
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
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It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
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The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
WH Smith said it is well positioned for the year ahead despite uncertainty in the broader economy
Investments and investor services
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
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The day ahead includes trading updates from Wetherspoons, WH Smith, Fevertree and Sage Group
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
WH Smith hiked its final dividend by10% as it sounded a confident note on the retailer's outlook
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area