WH Smith raises £166m to shore up finances during Covid-19 crisis

Retailer places 15.8m shares at 1050p per share – equivalent to 13.7% of share capitalCoronavirus – latest updatesSee all our coronavirus coverageWH Smith has successfully raised almost £166m from investors after launching an emergency cash call to shore up its balance sheet while the majority of its shops remain closed during the coronavirus crisis.The retailer managed to place 15.8m shares at 1050p per share, representing a discount of 4p on the previous day’s closing s