0903 GMT - WH Smith is getting a modest price for its high-street business compared with its stand-alone Ebitda of 35 million pounds, Goodbody analyst Fintan Ryan writes. He said the sale price--52 million pounds--reflects the short lease profile of the stores at less than three years and the fact that the WHSmith brand isn't part of the deal. "It is a relatively clean way for SMWH to exit its persistently struggling legacy high-street operations, which have weighed on group sales and EBIT growth in recent years," Ryan writes. Shares are up 0.55% at 10.96 pounds. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
March 28, 2025 05:03 ET (09:03 GMT)
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