Shares of UK retailer WH Smith have gained almost 10 percent in less than two days this week, following the news that Los Angeles-based activist investment firm Causeway Capital increased their holdings. Causeway now owns 11.84 million shares in WH Smith, just over 9 percent of the company, making them the single-largest shareholder. For now, everyone is spreading peaceful and happy messages about the investment. Director Jonathan Eng told the Sunday Times, “We are firm believers in the strategy and management team of WH Smith, which is why we first invested last March and why we have continued to add […]
