WH Smith shares up on profits news

<p>Shares in WH Smith rose on the back of profits news.</p>

The share price of WH Smith rose today (April 11th) after the company revealed it has seen steady growth in sales and profits.

It was announced by the firm that it has experienced a five per cent hike in its profits in the six months to the end of February, a period during which it made £69 million.

Stocks in WH Smith are up by almost six per cent on the back of the news and WH Smith's chief executive, Kate Swann, who is soon set to leave the company after a decade, stated the trading environment is expected to remain "challenging" for the organisation.

She said: "However, the business is in good shape and is well positioned for continued growth in both the UK and internationally."

Profits margins were shown to be up by 1.6 per cent, while the share price has now reached a point that is 50 per cent higher up on three years ago.

At 15:30 BST today, the WH share price was recorded at 788, up 43 points on the start of the day's trading.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.