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Share Price Information for Wh Smith (SMWH)

London Stock Exchange
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Share Price: 1,156.00
Bid: 1,164.00
Ask: 1,166.00
Change: -23.00 (-1.95%)
Spread: 2.00 (0.172%)
Open: 1,174.00
High: 1,188.00
Low: 1,156.00
Prev. Close: 1,179.00
SMWH Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Metro Bank shares jump on finance deal

Mon, 09th Oct 2023 09:19

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Metro Bank Holdings PLC, up 25% at 56.49 pence, 12-month range 34.00-157.80p. The bank announces a new deal with investors to shore up its finances. The deal includes a GBP325 million capital raise and GBP600 million in debt refinancing. Spaldy Investments Ltd, Metro Bank's largest shareholder, is contributing GBP102 million and will become the controlling shareholder of Metro Bank upon completion of the transaction – with roughly a 53% shareholding. It comes after the bank's shares tumbled last week on reports it was in talks with investors to raise around GBP250 million in equity funding and GBP350 million in debt. Daniel Frumkin, chief executive officer at Metro Bank, comments: "Today's announcement marks a new chapter for Metro Bank, facilitating the delivery of continued profitable growth over the coming years."

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Chill Brands Group PLC, up 17% at 5.90 pence, 12-month range 1.80-14.00p. The consumer packaged goods distribution company announces the sale of its Chill Zero nicotine-free vapour products into WH Smith PLC's stores. The company will now see its Chill Zero products enter an initial 150 of WH Smith's 1,700 stores. "This significant milestone marks the beginning of an exciting journey for the company and is a clear sign of things to come. We are committed to further expanding our presence in the market, developing more strategic partnerships, and continuing to deliver innovative products to consumers seeking quality alternatives to tobacco and nicotine," comments Chief Executive Callum Sommerton. Chill Brands says it has secured initial orders from UK retailers worth around GBP350,000 since the local launch of Chill Zero during August. The company says this includes sales made to more than 200 independent stores.

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SMALL-CAP - LOSERS

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BATM Advanced Communications Ltd, down 5.4% at 24.51 pence, 12-month range 20.00-33.30p. The provider of real-time technologies for networking solutions and medical laboratory systems confirms it does not expect the recent developments in Israel to have a material impact on trading. On Sunday, Prime Minister Benjamin Netanyahu warned Israel to prepare for a "long and difficult" conflict a day after Palestinian militant group Hamas launched a surprise assault from Gaza. More than 700 Israelis have been killed since Hamas launched its large-scale attack, according to the Israel Defense Forces on Monday.

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AEW UK REIT PLC, down 2.6% at 96.97 pence, 12-month range 88.10-108.60p. The real estate investment trust completes the sale of its freehold high-street retail holding in Portsmouth, England for GBP3.9 million. AEW UK REIT says this reflects a net initial yield of 9.9% and a capital value of GBP251 per square feet. Adds that the sale price reflects a 22% premium to the June 30 valuation of GBP3.2 million. "We are pleased to have sold this holding for a healthy premium to valuation, having completed the asset management strategy, and therefore maximised value. Going forward, the asset presents a potential risk to the company's shareholders, which further justifies a sale at this point in time," says Laura Elkin, portfolio manager of AEW UK REIT.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Sep 2022 07:57

LONDON BRIEFING: UK house price growth slows; Barratt profit drops

(Alliance News) - A dour session in Asia looks set to carry over into the open in Europe on Wednesday, following disappointing Chinese trade data.

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7 Sep 2022 07:05

WH Smith FY earnings seen in line with upgraded guidance

(Sharecast News) - Retailer WH Smith said on Wednesday that it had continued to see a "strong performance" from its travel unit in the second half, with group revenue coming in "comfortably in excess" of pre-Covid levels.

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31 Aug 2022 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 1 September 
Camellia PLCHalf Year Results
Eurocell PLCHalf year Results
Gem Diamonds LtdHalf Year Results
Johnson Service Group PLCInterim Results
Kainos Group PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
PPHE Hotel Group PLCHalf Year Results
Sportech PLCHalf Year Results
Wentworth Resources PLCHalf Year Results
Friday 2 September 
Ashmore Group PLCFull Year Results
Monday 5 September 
Belvoir Group PLCHalf Year Results
Dechra Pharmaceuticals PLCFull Year Results
Tuesday 6 September 
Accrol Group Holdings PLCFull Year Results
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Capricorn Energy PLCHalf Year Results
Gamma Communications PLCHalf Year Results
Headlam Group PLCHalf Year Results
Inspired PLCHalf Year Results
IQE PLCHalf Year Results
Lords Group Trading PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
NCC Group PLCFull Year Results
PCI-PAL PLCFull Year Results
Pebble Group PLCHalf Year Results
Quixant PLCHalf Year Results
STV Group PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
WANdisco PLCHalf Year Results
Wednesday 7 September 
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Equals Group PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Petropavlovsk PLCHalf Year Results
Somero Enterprises IncHalf Year Results
Tissue Regenix Group PLCHalf Year Results
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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31 Aug 2022 11:10

Time to revisit WH Smith, says Berenberg

(Sharecast News) - WH Smith was the standout gainer on the FTSE 250 on Wednesday as Berenberg encouraged investors to "revisit the story" ahead of its trading update next week, given the company's defensive growth profile and limited exposure to cost inflation.

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10 Aug 2022 10:35

TOP NEWS: Next CEO Wolfson leaves Deliveroo board as growth slows

(Alliance News) - Deliveroo PLC on Wednesday reported slower revenue growth and a wider pretax loss, amid a weaker consumer market, and the food delivery firm announced the departure of Simon Wolfson from its board.

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8 Aug 2022 09:44

WH Smith buys Standard Life insurance policy to offload pension risk

(Alliance News) - WH Smith PLC on Monday said it has bought a bulk annuity insurance policy to remove liability for its defined-benefit pensions.

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8 Aug 2022 07:46

WH Smith secures pension de-risking deal with Standard Life

(Sharecast News) - WH Smith's pension fund on Monday said it had insured the benefits of all its pension members in a deal with Standard Life.

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14 Jul 2022 09:50

Upper Crust owner gets travel recovery boost, but inflation a worry

July 14 (Reuters) - British snack chain firm SSP said on Thursday a rapid recovery in travel meant annual sales and profit margins would be at the upper end of its forecasts, though it warned cost pressures and supply chain snags would persist into next year.

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7 Jul 2022 16:02

UK dividends calendar - next 7 days

Friday 8 July 
Associated British Foods PLCdividend payment date
Capital & Counties Properties PLCdividend payment date
Computacenter PLCdividend payment date
Forterra PLCdividend payment date
Hill & Smith Holdings PLCdividend payment date
JTC PLCdividend payment date
Persimmon PLCdividend payment date
Restore PLCdividend payment date
S&U PLCdividend payment date
WPP PLCdividend payment date
Monday 11 July 
Great Portland Estates PLCdividend payment date
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Tuesday 12 July 
Pets at Home Group PLCdividend payment date
Wednesday 13 July 
Assura PLCdividend payment date
LondonMetric Property PLCdividend payment date
Renew Holdings PLCdividend payment date
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Thursday 14 July 
Aberdeen Diversified Income & Growth Trust PLCdividend payment date
BlackRock Latin American Investment Trust PLCex-dividend date
CMC Markets PLCex-dividend date
Crystal Amber Fund Ltdex-dividend date
Custodian REIT PLCex-dividend date
D4T4 Solutions PLCex-dividend date
Diverse Income Trustex-dividend date
FirstGroup PLCex-dividend date
Halma PLCex-dividend date
International Biotechnology Trust PLCex-dividend date
Invesco Bond Income Plus Ltdex-dividend date
JPMorgan Asia Growth & Income PLCex-dividend date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend date
Merchants Trust PLCex-dividend date
Ninety One PLCex-dividend date
Oxford Instruments PLCex-dividend date
Schroder European Real Estate Investment Trust PLCex-dividend date
Schroder UK Mid Cap Fund PLCex-dividend date
Shoe Zone PLCex-dividend date
Telecom Plus PLCex-dividend date
Twentyfour Income Fund Ltdex-dividend date
WH Smith PLCex-dividend date
Wincanton PLCex-dividend date
XP Power Ltddividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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21 Jun 2022 16:56

LONDON MARKET CLOSE: Europe nudges higher as catch-up playing US jumps

(Alliance News) - Blue-chip stocks in Europe made steady gains on Tuesday, while equities in the US soared as traders there returned to desks, with risk sentiment continuing to improve following a tough few days for markets last week.

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16 Jun 2022 09:38

LONDON BROKER RATINGS: Upgrades for WH Smith, Victrex and Hochschild

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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15 Jun 2022 17:03

LONDON MARKET CLOSE: Stocks up as ECB pledges to help weaker economies

(Alliance News) - Stocks in London ended higher on Wednesday as the European Central Bank pledged to ease the stress in volatile eurozone bond markets, while investors also braced for a major US rate hike.

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15 Jun 2022 11:59

LONDON MARKET MIDDAY: Markets advance as hawkish Fed fully priced in

(Alliance News) - European markets gained on Wednesday with a chunky 75-basis-point interest rate hike by the US Federal Reserve fully priced in, leaving little room for a hawkish surprise.

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15 Jun 2022 09:53

LONDON BROKER RATINGS: Berenberg cuts Rolls-Royce; Barclays raises B&M

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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15 Jun 2022 09:53

UK travel and leisure firms gets summer travel boost

June 15 (Reuters) - British retailer WH Smith and hotel group Whitbread are seeing business return to pre-pandemic levels, with pent-up demand for summer vacations boosting the leisure industry's recovery from the COVID-19 crisis.

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