WH Smith has withdrawn from talks with ABN Amro Private Equity over the sale of its news wholesale interests. WH Smith News was put up for sale last April, and WH Smith and ABN Amro Private Equity reached an agreement in principle to its sale for £215m in July. Now WH Smith has decided to retain the business due to changes in market conditions. WH Smith group chief executive Richard Handover said: "News trading in recent weeks has been strong and the outlook for the business is encouraging. This robust trading position, combined with weak financial markets have made it inappropriate to proceed with the sale of the business now." {{NEWS }}