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WHSmith accounting blunder could raise UK concerns similar to Tesco case

By Martin Coyle ( August 22, 2025, 16:18 GMT | Comment) -- UK retailer WHSmith’s announcement yesterday that it had overstated its expected North American profits by around $30 million led to a plunge in its share price and concerns about its accounting practices. While there is no suggestion that WHSmith's problems are linked to fraudulent practice, the case could potentially fall under the remit of the Serious Fraud Office, and it could face some uncomfortable questions over how it got into this mess.UK retailer WHSmith’s announcement yesterday that it had overstated its expected North American profits by around $30 million led to a plunge in its share price and concerns about its accounting practices. ...

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