WH Smith Makes Changes Because of War

Apr 23, 2026, 08:35

Introduction

WH Smith sells things in airports. The company expects to make less money this year. They will not pay money to their shareholders now. This is because the war in Iran stops people from flying.

Main Body

WH Smith has 1,300 shops in airports. On Thursday, the company's stock price went down. The company thinks it will make between 90 million and 105 million pounds. Last year, it made 108 million pounds. Fewer people are traveling because of the war. Also, the company had a mistake in the USA. They said they had 50 million pounds more than they really had. Because of this, the old boss, Carl Cowling, left the company. Leo Quinn is the new leader. He started on April 7. He stopped the payments to shareholders to save money. The company's profit fell from 21 million pounds to 3 million pounds.

Conclusion

The company needs more people to fly in the summer. They also need fuel for planes. Now, the leaders want to make the company strong again.

Vocabulary Learning

flying

traveling by airplane乘坐飛機

Example:Many people are flying to Hong Kong.

leader

a person who is in charge of a group or company領導者

Example:The new leader started last week.

money

the coins or notes we use to buy things錢

Example:I need money to buy food.

profit

the money a company makes after paying costs利潤

Example:The company's profit is very high this year.

sells

to give something to someone in exchange for money賣

Example:The shop sells books and snacks.