WH Smith PLC (SMWH.L)
24 Oct 2016
Oct 13 Britain's WH Smith Plc said it will lose its protection against a weaker pound next year and is looking to offset the impact by consolidating factories and negotiating better prices with suppliers to cut its costs.
* Says travel business continues to perform well with strong sales across all channels and profit up 9 pct
* WH Smith Plc expects outcome for year to Aug. 31 2016 to be in line with expectations
* In 14 week period from 1 March to 4 June 2016 total group sales were up 2% with like-for-like sales flat.