WH Smith Faces FCA Probe Over Accounting and Cuts Dividend (2)

WH Smith Plc is under investigation by the UK’s Financial Conduct Authority over the accounting error in its North American business that triggered a stock slump and the resignation of its chief executive officer.

The embattled retailer also cut its annual dividend for the first time since the pandemic in its delayed full-year results Friday.

Read More: WH Smith Dividend a Worry After Retailer’s Worst-Ever Year

The FCA is looking at potential breaches of UK listing and disclosure rules relating to the company’s findings set out on Nov. 19, the regulator said separately. An independent review by Deloitte blamed the ...