WH Smith sees 2016 results in line

WH Smith said on Wednesday that results for the year to the end of August are likely to be in line with expectations following a strong performance from the travel business.

In a pre-close trading update, the group said its new store opening programme in the UK and internationally is on track.

“We have been pleased with the customer reaction to our recently opened stores in Alicante airport in Spain, and we continue to see further opportunities in the international news, books and convenience travel market.”

Meanwhile, the group’s High Street business has performed in line with its expectations in the second half, as it annualised a strong performance last year on the back of colour therapy for adults.

WH Smith said it continues to deliver gross margin improvements and cost savings in line with its profit focused strategy.

At 0803 BST, shares were flat at 1,590.61p.