WH Smith CEO quits after accounting error that wiped almost £600m off value

Company slashes profit outlook as it takes hit from blunder in North American division Business live – latest updatesWH Smith’s chief executive has stepped down with immediate effect after a review found accounting failures in its North American division, prompting the travel shop chain to slash its profit outlook.Nearly £600m was wiped off the retailer’s market value in a 42% one-day share price fall when the blunder emerged in August. It came shortly after the sale of i