WH Smith Likely to Meet Lower End of Guidance Range, UBS Says -- Market Talk

Dow Jones
06/11

0930 GMT - WH Smith's capital raise is a proactive step rather than a bank-driven action, UBS analysts write. The retailer of books, magazines and sandwiches at airports and train stations unveiled a 106 million pounds raising Wednesday to boost its balance sheet given the impact of the Middle East war on its performance. The company also cut its full-year guidance due to the conflict and a poorer performance from its North American unit. UBS expects the company to hit the lower end of its 75 million pounds to 90 million pounds adjusted pretax profit guidance given the macroeconomic pressure and weaker North America trends. "Travel Essentials remains a credible growth engine, and balance sheet flexibility translates into better capital discipline," the analysts write. Shares are up 0.3% at 414 pence. (ian.walker@wsj.com)

 

(END) Dow Jones Newswires

June 11, 2026 05:30 ET (09:30 GMT)

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