0859 GMT - WH Smith's potential exit of the High Street business could be timely, Interactive Investor analyst Richard Hunter says in a note. The unit has been a drag recently for the retailer, with store closures, margin pressures and faltering progress, he says. The move would allow the company to focus on its Travel unit, which is currently responsible for 85% of trading profit, Hunter notes. Shares are up 6.2% at 1,264 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 29, 2025 03:59 ET (08:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.