Asian stocks fall as US and Iran exchange fire – business live

Rolling coverage of the latest economic and financial newsElsewhere this morning, WH Smith has said it wants to raise about £100m as the conflict in the Middle East starts to affect its profit.The high street retailer says it will place up to 26 million shares, or about 20% of its existing share capital, alongside a separate offer for retail investors in the UK.The business has a strong core and operates in attractive markets with ample scope for profit expansion, particularly in North America. However, we need much greater capital discipline and a laser focus on returns. In recent years, the