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WH Smith pushes to keep PwC as auditor after 2025 audit failure caused £600m loss, CEO exit, and regulatory scrutiny.
WH Smith is urging shareholders to reappoint PwC as auditor despite a major 2025 audit failure that overstated profits in its North American division, triggering a £600m market value drop, CEO resignation, and regulatory probes.
The company, down over 40% in six months, plans North American store closures, seeks to recover £1.5m in executive bonuses, and proposes a 6p final dividend and new incentive scheme.
Shareholders include Causeway Capital, Artemis, Royal London, and activist Palliser Capital with a 5% stake.
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WH Smith presiona para mantener a PwC como auditor después de 2025 El fracaso de la auditoría causó una pérdida de £ 600 millones, la salida del CEO y el escrutinio regulatorio.