WH Smith tries to recover bonuses from ex-bosses as watchdog investigates accounting error
Retailer targets £7m in bonuses as FCA examines scandal in North American armWH Smith will try to take back as much as £7m in bonuses from former executives after it said the UK’s financial watchdog had launched a formal investigation into a devastating accounting error linked to its US...
<p>Retailer targets £7m in bonuses as FCA examines scandal in North American arm</p><p>WH Smith will try to take back as much as £7m in bonuses from former executives after it said the UK’s financial watchdog had launched a formal investigation into a devastating accounting error linked to its US business.</p><p>Almost £600m was <a href="https://www.theguardian.com/business/2025/aug/21/wh-smith-cuts-profit-forecasts-after-30m-accounting-error">wiped off the books to paperclips retailer’s stock market value</a> overnight in August after it identified errors with accounting for supplier income and provision for lost stock going back to 2023 in its North American arm.</p> <a href="https://www.theguardian.com/business/2025/dec/19/wh-smith-tries-to-recover-bonuses-from-ex-bosses-as-watchdog-investigates-accounting-error">Continue reading...</a>
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