The week ahead: WH Smith

It’s another quiet week in terms of scheduled announcements, but this market is always liable to throw some curve balls.

Monday 4 June

Trading Statements

Abzena, Tungsten Corporation

AGM/EGM

Vietnam Enterprise Investments, InterQuest

Tuesday 5 June

Trading Statements

Driver Group, Gooch & Housego, Picton Property Income, KCOM Group, AO World, Altitude Group

AGM/EGM

Gama Aviation, Africa Opportunity Fund, Filta Group, Johnston Press, Corero Network Security, Borders & Southern Petroleum

Wednesday 6 June

WH Smith (SMWH)’s share price has been a major beneficiary of a trend at play for at least the past few years. The company is suffering from a slowdown in consumer spending, just like every other high street retailer, but its unique positioning at airports, train stations and motorway services is helping limit the damage.

Like-for-like revenue from town stores fell 4% during the first half, but was up 3% at the travel business. Growth in passenger numbers and more new shops at transport hubs is an increasingly important and dominant string to WH Smith’s bow.

Trading Statements

WH Smith, IG Group, Workspace Group, RPC Group, Findel, Alpha Financial Markets Consulting

AGM/EGM

Sagicor Financial Corporation, Hurricane Energy, Bisichi Mining, GCP Asset Backed Inc Fund, F&C Commercial Property

Thursday 7 June

Trading statements

Joules Group, Impax Asset Management, Auto Trader, CMC Markets, MITIE Group

AGM/EGM

Summit Therapeutics, SOCO International, RHI Magnesita, PageGroup, Stallergenes Greer, Cluff Natural Resources, Mears Group, Dignity

Friday 8 June

Trading statements

Volex Group, G3 Exploration

AGM/EGM

Time Out Group, P2P Global Investments, Standard Life Investment Property Inc Trust, Telefonica

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Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company’s or index name highlighted in the article.

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