Steady progress continues for new chief of WH Smith

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WH SMITH’S new chief executive Steve Clarke will unveil his first set of annual results for the retailer on Thursday after taking over the top job in July.

He replaced former boss Kate Swann, following five years as head of the group’s high street operations.

His inaugural full-year figures are expected to show further solid progress for the book and stationery chain, with analysts predicting a five per cent increase in pre-tax profits to £107m.

WH Smith has been following a winning formula in recent years of keeping a tight lid on costs and focusing on profitable products to offset sluggish high street trading – a strategy it has repeated in the year to August 31.