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WH Smith's chief resigns over £50m profits error
The Guardian
|November 20, 2025
WH Smith’s chief executive has stepped down with immediate effect after a review found accounting failures in its North American division, prompting the travel shop chain to slash its profit outlook.
Nearly £600m was wiped off the retailer’s market value in a 42% one-day share price fall when the blunder emerged in August. It came shortly after the sale of its high street business, which has been rebranded as TGJones by its new owners.
WH Smith shares climbed by more than 7% yesterday after Carl Cowling’s departure was announced, although they are still trading substantially below the levels seen before the August selloff. Cowling, who had been group chief executive for six years, will be replaced on an interim basis by the company’s UK chief executive, Andrew Harrison, until a replacement is found.
Denne historien er fra November 20, 2025-utgaven av The Guardian.
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FLERE HISTORIER FRA The Guardian
The Guardian
Money hacks Cushion yourself from the impact of inflation
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4 mins
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The Guardian
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5 mins
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The Guardian
Ryanair shuts frequent flyer club after customers use it too much
Ryanair is shutting its frequent flyer members’ club after only eight months because customers used its benefits too much.
1 mins
November 29, 2025
The Guardian
Are we at 'peak pizza'? Fried chicken takes a slice of the market as gen Z tastes change
Pizza has become ubiquitous on British dinner plates thanks to brands from Pizza Express and Franco Manca to Domino’s and Goodfella’s - but is it still hot?
3 mins
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The Guardian
Taliban can trace Afghans with kit left by UK, inquiry hears
The UK left behind sensitive technology allowing the Taliban to track down Afghans who had worked with western forces, a whistleblower has told the Afghan leak inquiry.
2 mins
November 29, 2025
The Guardian
Is Rothermere set to become the UK's most powerful media mogul?
Waiting two decades for another chance to snaffle a prized business acquisition is a luxury not afforded to many executives.
8 mins
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The Guardian
Don't make prostate screening routinely available, say experts
Prostate cancer screening should not be made available to the vast majority of men across Britain, a panel of expert government health advisers has said, tothe “deep disappointment” of several charities and campaigners.
3 mins
November 29, 2025
The Guardian
Stars join the race for Christmas No 1 with Palestine charity single
Musicians including Neneh Cherry, Celeste and Brian Eno have joined the annual race for the Christmas No 1 spot with a single to raise funds for Palestinian-led organisations.
1 mins
November 29, 2025
The Guardian
All Bar One firm faces £130m hit from higher wage and food bills
The owner of All Bar One yesterday warned of about £130m in extra costs over the next year because of higher wages and rising food prices.
1 mins
November 29, 2025
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