British business executive, long-time chairman/CEO roles
WH Smith has warned of lower full-year profits and plans to raise up to 100 million through new shares as passenger numbers through travel hubs fall amid the Middle East conflict. UK airport revenues are down, hospital and rail shops help offset declines, and a capital raise aims to strengthen the balance sheet. Regulators are examining PwC’s audits in the US division.
Jetex founder says private aviation has grown post‑COVID, with Middle East leading expansion; company plans to expand in Saudi Arabia as eVTOL and urban mobility gain traction. Market worth ~$50.6B with 24k–25k jets active; high-end travel driving demand amid regional tensions.