Sharewatch - week ending 12 April 2019

News Monday, 15 April 2019

WH Smith's shares fell last week following the release of its interim results

The retail chain reported group revenue up 8%, with like-for-like (LFL) revenue up 1%. Once again, Travel performed better than High Street, with Travel LFL revenue up 3% and profit up 7%, while High Street LFL revenue was down 2% ("our second best sales performance in the past decade") and profit down from £50m last year to £48m.

LFL sales of books at WH Smith were down 5%. "The quality of publishing is still the biggest driver of our performance," the retailer said, adding that it intended in its High Street business to focus on children's, educational books, and books for lighter readers.

Up last week: Bloomsbury, Quarto

Down last week: Haynes, RELX, WH Smith

Level last week: Informa, Pearson

Informa's and Pearson's shares were slightly down, but in both cases by only 0.2p.

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