Sainsbury's and WH Smith are among the latest UK firms to warn that the ongoing conflict in Iran will negatively impact their customers and business operations.

WH Smith sold its high street stores to Modella last year, but held onto its travel shops

The retailer said full-year profits were now expected to fall to between £90 million and £105 million.

Modella Capital is reportedly in talks with Teneo over a plan for the chain, formerly WH Smith’s high street shops.

WH Smith first-half sales grow 5% on North America boost  Reuters