Stationery retailer, WH Smith has reported that total like-for-likes were flat in the 14 weeks to 4th June, although the company added that it remains confident for the full year.

In line with the company’s expectations, total group sales increased 2% and like-for-likes grew 3%, whilst total sales increased 9% in its travel business. Total sales fell by 4% and like-for-likes dropped 3%.

Commenting, WH Smith said: "We made further progress actively managing our space to best meet the changing needs of our customers and landlords. Gross margin increased in line with plan. Our new store opening programme is progressing well in both the UK and internationally, where we continue to win additional new units.”

"We generate high levels of cash from our operations. As of 7 June 2016, we have purchased 1.7m shares and returned to shareholders £29 million of the up to £50 million share buyback announced in October 2015." "Looking ahead we continue to focus on profitable growth, cash generation and investing in the business to position us well for the future. We remain confident in the outcome for the full year."