WH Smith has issued a profit warning and announced a share placing to strengthen its balance sheet after weaker travel demand and margin pressures hurt trading before summer. Revenue grew 5% in the 14 weeks to June 6, but growth slowed due to Middle East flight disruptions and lower passenger spending at airport stores. The company now expects pre-tax profit of £75-90 million for 2026 and plans a non-cash impairment of up to £150 million related to its North American InMotion chain, which faces store closures and restructuring. WH Smith aims to reduce leverage and support transformation by raising capital through a share placing of about 20% of existing shares, alongside a retail offer, while continuing a self-help program to improve operations and cut losses.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
