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WH Smith has again cut its full-year pre-tax profit guidance, citing lower passenger numbers at travel hubs due to the Middle East conflict. The retailer is launching a new equity issue to bolster its balance sheet and fund its transformation, while reporting mixed performance across divisions and confirming plans to close or renegotiate underperforming stores.
Pay growth has cooled in early 2026 as inflation pressures from energy prices persist. BoE watchers note slower wage deals, while housebuilders warn profits will fall amid higher costs driven by the Middle East conflict. Retail, travel, and housing sectors are all feeling the pinch as uncertainty lingers.