WH Smith CEO quits after accounting error that wiped almost £600m off value

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.

The CEO of WH Smith has resigned immediately following an accounting error that led the retailer to significantly reduce its profit forecasts. This blunder has raised concerns about the company's financial management and oversight.