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WH Smith Faces Major Setback After Profit Forecast Cut
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WH SmithFinancial Markets
Updated 3 hours ago

WH Smith Faces Major Setback After Profit Forecast Cut

WH Smith has significantly lowered its profit forecast due to a £30 million accounting error, resulting in a 31% drop in its share price. This miscalculation has raised serious concerns about the company's financial management and has led to a loss of over a third of its market value, alarming investors.

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