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Today's news in brief-27/1/25

Summary by Retail Sector

WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to £39m, although group revenue rose 7% to £1.9bn for the year ended 31 August. High street stores have faced sluggish performance compared to the growing Travel division, which includes over 1,200 …

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Today's news in brief-27/1/25

WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to £39m, although group revenue rose 7% to £1.9bn for the year ended 31 August. High street stores have faced sluggish performance compared to the growing Travel division, which includes over 1,200 …

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Retail Sector broke the news in 27 days ago on Monday, January 27, 2025.

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