WH Smith down on travel woes

FTSE 250 newsagent WH Smith (LON:SMWH) watched its share price drop by 11.97% to 1,397p (as of 10:55 GMT) as its travel business faced significant disruption. Management said that they expected Covid-19 to have an adverse impact on revenues of between £100 and 130 million for the year ending 31st August, but noted that the situation is continuing to develop rapidly.

Revenues for the six months ended 29th February increase by 7%, with strong performance in travel offsetting further high street decline.