Search
Saturday Sep 6 2008
All times are London time
All times are London time
The 6am cut - Alphaville by email
Most Popular Posts
- Further reading
- What killed the Ospraie?
- Draaisma: "We're in the dull phase"
- Further reading
- Further reading
- Cheap or spicy? - the polarisation in asset management
- Bank run
- Market "capitulation"
- Fear not, City of London
- The Chinese don't like Frannie...
- Show more...
- Show less...
Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Bronte Capital
- Calculated Risk
- Capital Chronicle
- Capitalist Resistance
- Credit Writedowns
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
- Financial Crookery
- Fintag
- Free Exchange
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
- Marketbeat
- Naked Capitalism
- Naked Shorts
- Nouriel Roubini
- Paul Wilmott
- Practical Risk Management
- Random Roger
- Reuters DealZone
- Robert Peston
- Short Stories
- Sudden Debt
- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Director of Finance and Corporate Services
- Recruiter: NSPCC
- Head of Customer Service - Savings
- Recruiter: Nationwide Building Society
- Business Analyst
- Recruiter: Credit Suisse
- Head of Finance
- Recruiter: ESCP-EAP
- Group Chief Accountant
- Recruiter: Misys
- Lead Economist, Development Research Department
- Recruiter: African Development Bank
- Finance Manager
- Recruiter: London 2012
- Group Manufacturing Leadership Programme
- Recruiter: The Royal Bank of Scotland Group
Site Navigation
Principal content
Abert edwards AllianceBernstein allianz altria atticus babcock & brown bank of england barclays bill gross bill thompson blackstone british energy CALSTRS carlyle china development bank china merchants bank China Netcom commerzbank corus covered bonds cpdo Dollar Dresdner Bank ecb edf informa invesco Lehman Brothers M&G mohamed el-erian Moodys natixis Ospraie pimco providence RAB rbs rouble russia Spinco Tata Group tata steel telefonica UST Washington Mutual Wing Lung Bank
Baugur blasts Woolworths leadership
Woolworths is facing mounting pressure for radical change after Baugur, its largest shareholder, on Tuesday for the first time openly criticised the troubled retailer’s management. Jón Ásgeir Jóhannesson, chief executive of the Icelandic investment firm, told the FT that the group should stop spending money on ailing stores and said its management, led by chief executive Trevor Bish-Jones, should “get their act together”. Woolworths’ retail division last month reported a full-year loss as price deflation and competition took their toll. The shares closed down ¼p at 30p on Tuesday – just ½p off their lowest level in four years.
- Advertise with the FT
- Press enquiries
- Student offers
- FT Conferences
- FT Research Centre
- Corporate subscriptions
- FT Group
- Partner sites: Chinese FT.com
- Les Echos
- FT Deutschland
- Expansion
- © Copyright The Financial Times Ltd 2007. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. Privacy policy
- Terms
[…] My main reason for optimism is that the largest shareholder is expresing dissatisfaction with the management, which makes it likely that things will change. […]