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.