On this episode of Stock Movers:
- WH Smith Chief Executive Officer Carl Cowling resigned, as an accounting error forced the British retailer to cut its profit outlook in North America for a second time.
- Vivendi shares slumped on Wednesday after Le Monde reported that billionaire Vincent Bolloré’s eponymous holding could escape having to pay anything to compensate minority shareholders over the recent split of the group.
- Kering dropped the most in nearly two weeks, after CEO Luca de Meo said the company must reduce its reliance on its flagship Gucci brand and further scale back its store network to return to growth, according to a Reuters report.