Woolies shares suspended

Shares in Woolworths have been suspended as the firm continues talks to save the business.
Author:
Publish date:
5_Pocoyo.jpg

Woolworths said in a statement that it was in discussions over the potential sale of its 840 stores.

The firm said it was also in talks over the sale of its 40% stake in 2 Entertain, the publishing joint venture with BBC Worldwide.

It warned that both deals needed the backing of its banks, and that there was "no assurance" they would be completed.

Related

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019