NASDAQ:RITM 6 January 2026

July 1, 2026, 11:16 AM EDT. TG Jones is closing up to 150 old WH Smith stores, hitting the UK retail and property sectors. WH Smith (LSE:SMWH), with a £490.1m market cap, is pulling out of money-losing high street shops to focus on travel locations, but is still running at a £27m half-year loss and has halted its dividend. The move could help turn around WH Smith's earnings, though issues remain. Land Securities Group (LSE:LAND), valued at £4.8bn, is exposed to rent cuts and new restructuring loopholes that make it tougher to enforce retail leases, with earnings and cash flow under pressure. Investors are tracking how this will shift leverage between landlords, rivals and creditors.