0814 GMT - Approval for WH Smith's refocused strategy is reflected in a buy market consensus for its share price, Interactive Investor's Richard Hunter says in a note. Overall revenues were up 7% on a constant currency basis and a 3.3% dividend yield provides an adequate bonus, he says. However, the U.K. retailer has been hurt by economic uncertainty, especially in the U.K. and North American markets. Its shares have fallen by 38% over the last two years and are now 61% below the peak seen in December 2019. Investors are buying into WH Smith's story. Still, there is a mountain to climb if shares are to recapture their former glory, Hunter says. Shares are up 2.9% at 1,054 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
June 04, 2025 04:15 ET (08:15 GMT)
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