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The latest update is out from WH Smith ( (GB:SMWH) ).
WH Smith PLC announced the repurchase of 24,937 ordinary shares as part of its ongoing buyback program, which commenced on 23 September 2024. The company plans to cancel these shares to potentially enhance shareholder value, reflecting its strategic focus on optimizing capital structure and delivering shareholder returns. This action is part of a broader initiative that has seen WH Smith acquire 976,886 ordinary shares, potentially influencing market perceptions and investor interest.
More about WH Smith
WH Smith PLC is a retail company operating primarily in the retail industry, offering a range of products including books, stationery, and entertainment items. The company focuses on providing services and products through its stores, which are strategically located in travel and high street locations.
YTD Price Performance: -1.26%
Average Trading Volume: 273,363
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.5B
For a thorough assessment of SMWH stock, go to TipRanks’ Stock Analysis page.
