By Marcus Leach

WH Smith have announced a 4% drop in their sales figures for the last four month period compared to the same period last year.

The book and stationary retailer said like-for-like sales were down as their high street stores and travel stores both experienced drops.

Despite these figures WH Smith claims gross profit margins were growing, as well as there being confidence for positive end of year results.

WH Smith also announced that it had returned £44.9 million to its shareholders as part of the £50 million share buy back programme.

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