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WH Smith surprises with encouraging third quarter

WH Smith surprises with encouraging third quarter

It seems being voted Britain’s worst retailer hasn’t harmed WH Smith’s (SMWH) share price. The stock found further momentum following news that travel sales rose by 3 per cent on an underlying basis, while high street sales were pretty much flat during the third quarter. This is typically the quietest trading period for the group, so it’s impressive to see that gross margins were also up across the board.

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