WH Smith has said its full-year figures will be “at the top end of market expectations”.

In a trading update released this morning, the retailer said its travel and high street stores continued to deliver a “good performance”.

The company also announced a new £50m share buyback plan, having earlier this month completed a similar £50m buyback.

“We continue to manage costs tightly and have delivered strong gross margin gains driven by good mix management,” the company said about its travel portfolio. “High street has seen an improvement in the sales trend of books following the recent positive publishing schedule.”

WH Smith will report on its full-year performance in October.