Rise in travel-related sales benefits retailer, with group revenue up 7% in year to end of AugustWH Smith is to give investors a £50m windfall as holidaymakers snapping up travel essentials helped boost summer sales at the retail chain.The retailer said it would launch a £50m share buyback – a move that could increase its share price – in a reflection of the strong cashflow in the business, a healthy balance sheet and after receiving £85m from the buyout of its pension fund. Its shares jumped more than 12% on the announcement. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/sep/11/wh-smith-launches-50m-share-buyback-after-strong-summer
Author : Jack Simpson
Publish date : 2024-09-11 10:39:44
Copyright for syndicated content belongs to the linked Source.
