Woolworths hires finance veteran in shake-up
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.
Woolworths rocked as senior director quits
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 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.
Deloitte is a worrying spectre at...
It is somehow appropriate that with Hallowe’en around the corner, the horror
story at Woolworths enters a new, potentially brutal, chapter. Just when
Steve Johnson, the...
Sugar snaps up 4% of Woolworths
Sir Alan Sugar, the irascible host of the BBC show The Apprentice, has
acquired a stake of almost 4 per cent in Woolworths, the embattled high
street retailer.
New profit warning as Woolworths...
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...
Woolworths announces cutbacks after...
The new chief executive of Woolworths plans to eliminate the company's
final-salary pension scheme, cut jobs and sell stores after the ailing high
street retailer reported a...
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.
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 losses near £100m and it...
Woolworths, the pick-and-mix to kitchen pots retailer, today pledged to
implement a root-and-branch reorganisation of the flailing business under
its new chief executive after...
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.
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...
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...
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...
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 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. 
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.
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.
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,...
Woolworths insists new chief...
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...
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 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.
JJB Sports suffers as Sir Alan Sugar...
Retailers connected to Iceland’s banks took a battering yesterday as landlords
of JJB Sports sent bailiffs into some of its stores while industry sources
said that Baugur,...
Woolworths set to meet guidance
Woolworths Ltd is set to meet its annual earnings forecasts after yearly sales rose on the back of a strong performance by its supermarkets division.