WH Smith hits all-time high

Shares in newsagent chain WH Smith reached an all-time high on Thursday as the company raised profit guidance for the year and announced a new share repurchase programme.

Shares in newsagent chain WH Smith reached an all-time high on Thursday as the company raised profit guidance for the year and announced a new share repurchase programme.

The company, which has returned £377m to shareholders through dividends and share buybacks since the end of August 2007 has earmarked another £50m to repurchase shares for cancellation between September 1st 2012 and August 31st 2013.

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