WH Smith shares nosedive as travel chaos triggers second profit warning

WH Smith has slashed its profit forecast for the second time in two months and raised around £106m in fresh equity, as now-ongoing travel disruption and weaker consumer spending hit its airport-led business.
Shares in the travel retailer plunged by almost 20 per cent at one stage on Wednesday, hitting their lowest level in nearly 16 years, after the group warned that passenger numbers and customer spend remained under pressure.
WH Smith, which now focuses on travel locations following the