Woolworths posts £90m H1 losses

The scale of the task facing new Woolworths chief executive Steve Johnson has emerged after the embattled high street retailer posted first-half losses of more than £90m. Johnson said a "good dose of basic shop-keeping" was required, with Christmas the top priority, after Woolworths today announced that it had racked up losses of £90.8m for the six months to 2 August.