Stock Movers WHSmith and Workspace's New Bosses, BMW Plunges
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Jan 19, 2026 Louise Moon, Breaking News Editor at Bloomberg, dives into recent corporate shake-ups and market shifts. She discusses Leo Quinn's appointment at WH Smith following leadership troubles and shares how Workspace's new CEO, Charlie Green, addresses investor activism. The conversation heats up with President Trump's looming tariff threats on European automakers, impacting BMW and others significantly. Louise outlines the resulting stock market reactions and the broader global implications of these corporate strategies.
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Rally Masks Lingering Weakness
- WH Smith's shares remain well below pre-August levels despite today's rally.
- The company still needs improvement after an accounting error, CEO resignation, and an FCA probe.
Leadership Appointment Sparks Rally
- WH Smith named Leo Quinn as chairman after accounting and leadership turmoil.
- The market rallied on hopes he can restore stability and deliver long-term growth.
Board Chooses Operational Reset
- Workspace replaced its CEO and CFO amid rising vacancies and activist pressure.
- The board signals an operational reset rather than a winding-down sale.