WH Smith ‘set for worst results’

Retailer WH Smith is set to unveil the worst results in its history this week, it was claimed yesterday.

The high street group, which has lost sales to supermarket rivals in recent years, is expected to turn in record full year losses of more than stg£100m, according to a report in The Observer.

It is believed like-for-like sales - which strip out new store openings - will be in negative territory and the dividend paid to investors will be slashed by around 30%.