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Group loss hits new high as retail business sees ?70m shortfall

Woolworths reports ?100m H1 loss

Woolworths has reported group losses of almost £100 million for the six months to the start of August.

Sales for the retail business were £660.7 million in the half-year, down 3.2 per cent like-for-like.

The company’s entertainment wholesale and publishing arm – including its BBC Worldwide joint venture 2entertain – posted sales of £446.3 million.

Overall group losses of £99.7 million compared with a deficit of £63.8 million a year earlier.

To read the full story, head over to our sister site MCV.

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