WH Smith PLC

SMWH: Is the oncoming reopening trade? British retailer WH Smith on Thursday said total revenues plunged 85% in April as sales at its airport and train station shops and kiosks were hit by government travel restrictions to halt the spread of coronavirus. WH Smith has already tapped the government’s coronavirus aid scheme, suspended its dividend, furloughed employees, raised equity, secured 120 million pounds ($146.41 million) in new lending facilities and waivers for banking covenant tests to survive the crisis.