WH Smith readies share sale as Covid-19 bites

Aidan Gregory

April 06, 2020 01:30 pm

WH_Smith_PA_575_375 — File photo dated 23/01/13 of a general view of a branch of WH Smith in London as the retailer said it has secured a new £120 million loan and will raise more cash to help it get through the coronavirus crisis. | Philip Toscano/PA

Shares in UK newsagent chain WH Smith rose more than 4% on Monday morning after it confirmed it was preparing a capital increase to repair its balance sheet after the spread of the Covid-19 coronavirus led to a large drop in the number of shoppers at its lucrative airport stores.

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Coronavirus JP Morgan Health and Biotech Equity ABBs-Block Trades UK Europe Barclays EMEA SRI

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Aidan Gregory