WH Smith confirms separation plans as sales slide

British retail group WH Smith confirmed plans today to separate its news distribution arm from its retail business.

WH Smith confirms separation plans as sales slide
Wed, 12 Apr, 2006 - 08:41

British retail group WH Smith confirmed plans today to separate its news distribution arm from its retail business.

The announcement came as the newsagent and bookseller blamed the tough trading environment for a drop in like-for-like sales of 3% to £1.3bn (€1.87bn) for the six months to February 28.

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