Sir Alan Sugar builds 4 per cent stake in Woolworths

Sir Alan Sugar acquired a near-4pc stake in Woolworths.

Sir Alan is believed to have informed Woolworths of his stake-building yesterday when it topped 3pc. A stock exchange announcement by the company is expected as early as this morning according to The Daily Telegraph. Shares in Woolworths have dropped more than 80 per cent over the past year.Woolworths – scrapped its interim dividend last month after it announced a pre-tax loss of £99.7m for the six months to August 2.

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