Books and stationery retailer WH Smith said it expects full-year results to be at the top end of market expectations and announced a fresh share buyback programme of up to £50m.
The company said the board has decided to commence the share buyback for the financial year ending August 31, 2013. It completed a similar share repurchase programme on August 7.
The company, which sells newspapers, books and stationery, said its travel business continued to win new business.
The 220-year-old company said book sales rose in its High Street stores.
The company, which operates over 1100 stores primarily in the UK, said its travel and High Streets businesses remain highly cash generative.
WH Smith will announce its preliminary results on October 11.
The company's shares were up on the London Stock Exchange.
