Our Price, the music business, has also struck a wrong note, with discounts eating into margins and another monopolies inquiry - into compact disc prices - hanging over its head. All in all, it has made for a flat performance in the high street.
If only the same could be said for Do It All, the 230 DIY stores jointly owned with Boots. With pre-tax losses touching pounds 12m and pounds 4.5m in net interest, the screwdriver to shower curtain chain has dragged down the group.
On Wednesday, WH Smith will report pre-tax profits down 6 per cent on last year, from pounds 113m to pounds 106m. At 465p, the shares are a nerve-jangling hold.Reuse content