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Times Online - Business

Woolworths losses near £100m and it scraps dividend

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 reporting a half-year pre-tax loss of nearly £100 million.
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Times Online - Business

Woolworths announces cutbacks after record loss

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 record £100 million half-year loss yesterday.
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Times Online - Business Woolworths dives as it confirms...

Woolworths this morning confirmed a report in The Times that it is in talks to sell its retail business.
11/19/08
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Times Online - 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.
11/19/08
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Times Online - Business 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.
10/10/08
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Times Online - Business Woolworths' main shareholder in bank...

Ardeshir Naghshineh, Woolworths' largest shareholder, is in last-ditch talks with the retailer's banks about an alternative to a sale of the high street chain's retail arm to...
11/25/08
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Times Online - Business Woolworths stands on brink as wage...

Woolworths is at risk of going into administration as soon as this morning as it scrabbles to find sufficient funds to pay its monthly wage bill.
11/26/08
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Times Online Woolworths stores to close after...

Woolworths went into administration last night, putting thousands of high street jobs at risk despite last-ditch government efforts to save it.
11/27/08
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The Sydney Morning Herald

Woolworths on track for FY sales growth

Higher food prices and growing market share have helped Australia's biggest retailer, Woolworths, to deliver better-than-expected third quarter sales.
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Times Online - Business

Woolworths in talks over £1 offer despite investor vowing to fight for better value

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.
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Times Online - Business Potential buyers emerge to save...

The new management of Woolworths today revealed it has already received several expressions of interests from parties about buying parts of the business which collapsed last...
11/27/08
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Times Online - Business Film distributor is victim of...

The fallout from the collapse of Woolworths spread this morning as Metrodome, a UK-listed film and television distributor, warned it risked losing £320,000 it was owed by the...
11/28/08
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Times Online - Business Bidders sought as beleaguered...

The starting pistol was fired yesterday for the sale of Woolworths and MFI as the court-appointed managers sought buyers for the beleaguered stores.
11/28/08
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Times Online - Business BBC in talks with Woolworths as...

The entire Woolworths empire, including its stake in 2Entertain, the BBC joint venture, is likely to be in administration by the end of the week, with its 10,000 pensioners at...
12/03/08
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The Sydney Morning Herald Merrill lowers Woolies guidance

Global investment house Merrill Lynch reduces its annual earnings forecasts for Woolworths but says the nation's largest retailer is still in great shape.
06/27/08
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Times Online - Business Woolworths lays off staff as search...

Woolworths will make 450 of its staff redundant in what is expected to be the first of many job cuts at the collapsed high street retailer.
12/06/08
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Times Online - Business

Woolworths in crisis rescue talks

THE management of Woolworths was locked in crisis talks this weekend about securing a revised rescue deal to save the group from imminent collapse into administration.
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Times Online - Business

Woolworths investor touts alternative deal

Woolworths’ largest shareholder, Ardeshir Naghshineh, is in talks with the retailer’s banks about an alternative plan to a sale the company’s retail arm to Hilco for just £1.
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Times Online - Business 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...
10/28/08
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B.B.C. NEWS Sales slide again at Woolworths

High Street retailer Woolworths reveals a 6.7% drop in sales in June and July.
07/29/08
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B.B.C. NEWS Woolworths to ditch CD singles

High street chain Woolworths is stop selling CD singles from August because of the popularity of internet music downloads.
05/27/08
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B.B.C. NEWS New boss for troubled Woolworths

Troubled retailer Woolworths names former Focus DIY boss Steve Johnson as its new chief executive.
08/12/08
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The Independent Woolworths' new chief stands to net...

The DIY retailer Steve Johnson stands to collect a £7m windfall if he succeeds in what is reckoned to be the toughest job in British retailing – turning round the...
08/13/08
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Times Online - Business Closing-down sales herald end of...

Woolworths will begin a huge closing down sale across its 813 stores today after Deloitte, the administrator, admitted that it had been unable to find a buyer for the...
12/11/08
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B.B.C. NEWS Woolworths up on takeover talk

Shares in Woolworths soar after the struggling retailer rejects a takeover bid for its network of 815 stores.
08/18/08
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The Independent Baugur: the iceman cometh...

Some City analysts wrote off Woolworths as a lost cause a long time ago. But Malcolm Walker, chief executive of the frozen food specialist Iceland, and Baugur, the Icelandic...
08/19/08
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