Woolworths shares dive to all-time low after warning of 'marked' downturn
Woolworths had a day to forget yesterday, when it posted a profit warning, revealed dire recent trading, and tore up plans to sell its £200m stake in DVD publisher 2 entertain.
New profit warning as Woolworths abandons 2entertain sale
Woolworths lurched deeper into crisis yesterday as it abandoned the planned sale of 2entertain, its DVD publishing business, and admitted that a recent collapse in sales meant that it would again miss its profit targets. 
Woolworths still eyeing The Warehouse
Cashed-up retailer Woolworths is still likely to make a tilt at the New Zealand general merchandise retailer The Warehouse, an investment house says.
Woolworths fined for breaking FSA rules
Woolworths has been fined £350,000 by the Financial Services Authority for taking too long to disclose that its profits would be lower than expected.
Woolworths rocked as senior director...
One of Woolworths’ most senior directors has quit only a month after the high
street retailer’s new chief executive savaged the poor performance of the
group.
Woolworths hires finance veteran in...
Woolworths has appointed a new chief financial officer days after the
departure of a senior director raised concerns that other executives may
leave the troubled retailer.
Wesfarmers shares up with rising success
Wesfarmers shares rose 1.8 per cent Monday after the company finalised part of a $2.5 billion equity raising and opened it to retail shareholders.
Woolworths shares crash to seven-year...
Shares in Woolworths crashed this morning to a seven-year low after the
retailer issued a profit warning, saying that sales declined in the first
half.
Woolworths rejects offer by Iceland chief Walker
Woolworths has rejected a surprise offer to acquire its retail division by Malcolm Walker, chief executive of the frozen food specialist Iceland.
Woolworths angers shareholders by rejecting Iceland founder's approach
Woolworths faces a showdown with its biggest shareholders after the ailing retailer rejected a takeover approach for its 815 stores yesterday from Malcolm Walker, the founder of the Iceland frozen-food chain.
Steve Johnson to run Woolworths
Woolworths, the troubled high street retailer, has appointed Steve Johnson,
the former chief executive of Focus DIY, as its new chief executive. He
replaces Trevor Bish-Jones,...
Steve Johnson takes £9m challenge to...
The executive who sold Focus DIY for £1 last year is on his way to becoming a
£9 million man after landing the top job at Woolworths.
Iceland 'in bid for Woolworths'
The boss of the Iceland frozen food chain offers to buy troubled retailer Woolworths' network of 815 stores, reports say.
UK retailer Woolworths rejects...
British retailer Woolworths Group PLC's share price shot up as much as 23 percent on Monday, after it rejected an offer from Iceland Foods Ltd for its retail division. By noon...
Woolworths says it is still open to...
Richard North, the chairman of Woolworths, said that the door remained open to
bidders for the business as he defended the board's decision to reject an
offer from Malcolm...
Wesfarmers expecting solid growth
Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.
Woolworths may plunge into a retail bucket
If Steve Johnson wondered what he had let himself in for by agreeing to be the new chief executive of Woolworths, it was laid bare yesterday. According to one City analyst, he has no choice but to rip up the group's tried-and-tested model and become a bucket shop.
Woolworths insists new chief executive can reinvigorate chain
Woolworths' chairman, Richard North, maintained that its retail division can robustly grow its profits yesterday as the group parted company with its chief executive, Trevor Bish Jones.
Wesfarmers denies buying a bad apple
THE managing director of Wesfarmers has denied that earnings at its supermarkets and bottle shops have gone backwards.
Malcolm Walker pushes for Woolworths...
THE founder of the Iceland food chain, Malcolm Walker, would slash overheads
and considerably narrow the product range in order to revive Woolworths,
should he succeed in his...
Be patient: Wesfarmers boss insists...
THE Wesfarmers chief executive, Richard Goyder, has hit back at suggestions the company is taking too long to turn around the Coles Group businesses it acquired last year,...
Woolworths dives as it confirms...
Woolworths this morning confirmed a report in The Times that it is in
talks to sell its retail business.
Woolworths in talks to sell retail...
Woolworths is in talks to sell its entire high street business to Hilco, the
specialist distressed fund, for £1.
Top Woolworths investor says no to...
WOOLWORTHS’ biggest shareholder has thrown his weight behind management in
rejecting Malcolm Walker’s £50m takeover approach, while refusing to deny
that he is planning...
Woolworths in talks over £1 offer...
Woolworths’ biggest shareholder was locked in meetings with advisers last night over how best to fight Hilco’s £1 offer for the company’s retail arm.
Wesfarmers chairman to step down
Wesfarmers chairman Trevor Eastwood will step down from the post in November to be succeeded by current deputy chairman Bob Every.