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WH Smith warns on profit again as discounting hits margins
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WH Smith warns on profit again as discounting hits margins
WH Smith has cut its profit target again after warning that intense discounting and “inflation headwinds” are hitting its bottom line. The convenience retailer had initially told investors it could make as much as £105m in pre-tax profit this year, before slashing the target to between £75m and £90m. On Wednesday, the group reduced its [...]
16 Sept, 06:47
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