FCA makes inquiries into WH Smith accounting error that wiped almost £600m off value

Regulator assessing whether firm breached UK disclosure rules for listed companies, but is yet to launch formal investigationBusiness live – latest updatesThe City watchdog has contacted WH Smith to find out more about its accounting error that wiped almost £600m off the company’s stock market value overnight and led to the departure of its chief executive.The Financial Conduct Authority (FCA) said it had started making inquiries to assess whether the company had breached UK disclosure rules for listed companies, but was yet to launch a formal investigation. Continue reading...