Activist investor ups stake in WH Smith but backs management

Analysts suggest Causeway Capital expects a recovery in international travel will help Covid-hit retailer

The activist investor calling for a shake-up at Rolls-Royce has upped its stake in WH Smith but insisted that it is supportive of management at the struggling high street chain.

, Activist investor ups stake in WH Smith but backs management, The Nzuchi Times Guardian

Causeway Capital Management is the retailer’s biggest shareholder and now owns 9% after buying shares in the wake of a recent profit alert. Analysts suggested the California-based investor was betting on a recovery in international travel rather than agitating for change.

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