25th Nov 2019 13:46
(Alliance News) - WH Smith PLC said Monday its year-to-date performance has been in line with the group's expectations for the year to August 31, 2020.
Shares in the FTSE 250 books and stationary retailer were up 1.4% at 2,400.0 pence on Monday in London.
Travel retailer Marshall Retail, which is being bought by WH Smith for USD400 million, has performed strongly in its current financial year, which ends December 29.
WH Smith continues to expect Marshall Retail to generate adjusted earnings before interest, taxes, depreciation and amortisation of around USD31.5 million for 2019.
By Dayo Laniyan; [email protected]
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