WH Smith boss quits after accounting blunder

WH Smith's CEO has resigned following an accounting error in the company's North American division, which led to a significant reduction in profit forecasts. The retailer's market value dropped by nearly £600 million after a 42% decline in share price when the mistake was revealed in August.

UK inflation has decreased to 3.6%, despite a rise in food prices. Chancellor Rachel Reeves is closely monitoring inflation data in preparation for her autumn budget, which is set to be announced next Wednesday. In a related development, WH Smith's CEO has resigned following an accounting review that revealed significant issues in its North American division, leading to a downward revision of the company's profit outlook.

WH Smith's Chief Executive Carl Cowling has resigned following a review by Deloitte that uncovered accounting issues within the company's North America unit. This resignation raises concerns about the company's financial management and oversight.

Inflation has decreased, but households continue to experience financial strain due to persistently high prices. Despite a drop in inflation rates, the cost of living remains a significant concern for many families, impacting their purchasing power and overall economic well-being.

The inflation rate in the UK has decreased to 3.6%, according to official statistics, providing a more favorable outlook for the economy and the Chancellor ahead of the upcoming budget. However, food prices are reportedly rising, raising concerns among consumers and businesses alike.

A crackdown on online pricing has led to investigations into eight companies, with over 100 others receiving warnings regarding their pricing practices. This initiative aims to ensure fair pricing in the digital marketplace and protect consumers from potential exploitation. The actions taken reflect growing scrutiny of online businesses and their pricing strategies, highlighting the need for compliance with regulations designed to foster transparency and fairness in e-commerce.

The government has announced plans to make it nearly impossible for new housing developments near train stations to face opposition. This initiative aims to streamline the approval process for such projects, reflecting a commitment to address housing shortages in urban areas. The move is seen as a significant step towards increasing housing availability and improving access to public transport.

The government is preparing to implement a ban on the resale of tickets for live events at prices exceeding their face value, according to Sky News. This decision aims to protect consumers from inflated prices often associated with ticket scalping, ensuring that fans can purchase tickets at fair rates. The initiative reflects growing concerns over the accessibility of live events for the general public.