BUSINESSTHE GUARDIAN WORLD
WH Smith to raise £100m as it warns on profits due to Iran war
WH Smith plans to raise £100m to strengthen its finances and shut unprofitable stores after a decline in airport shopper numbers linked to the Middle East conflict. The retailer issued a profit warning due to reduced consumer activity in US airports amid the war.
Related Signal
Adjacent reporting
- JD Sports says Iran war could hit consumer spending and raise prices
- Tesco warns profits could fall amid Iran war uncertainty
- WH Smith Cuts Outlook, Seeks Capital as Iran War Weighs on Sales
- Virgin Atlantic raises its ticket prices by as much as £360 amid warnings jet fuel could run out in the 'near future' due to Iran war
- Sainsbury's warns war in the Middle East could weigh on profits
- Asia-Pacific to lead global retail sales, weather Middle East conflict