WH Smith edges away from entertainment

The company reported profits before tax of £76m for the year to August 31, up from £44m in the pervious year.

However, like-for-like sales in entertainment were down 32% on the year, as the company continues with its strategy of reducing its reliance on the sector. Continued price deflation was also a factor.

Group chief executive Kate Swann says, "Our high Street business made further progress in line with its plan. In an uncertain consumer environment, we expect the key ...

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