Fri, 19 Dec 2025

Fri, 19 Dec 2025 WH Smith probed by regulator over accounting error

The retailer says it plans to claw back bonuses awarded to executives at its North America business as a result of the mistakes.

* WH Smith's financial regulator, the FCA, is investigating the company over accounting mistakes in its North America business.
* WH Smith revealed it had made errors that may have overstated revenues by up to £50m.
* The company delayed reporting its annual results and its chief executive resigned after an independent review.
* Pre-tax profit for the year to August was £108m, despite a 40% fall in share price.
* WH Smith plans to recover "overpaid" bonuses from executives and overhaul its stores by 2026.
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