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Entries from October 2008

Woolworths Hit By Insurance Withdrawal

John Williams - Wednesday 08.10.08, 14:57pm

Cash strapped giant Woolworths have been dealt another blow as France based insurer Coface has withdrawn it’s credit insurance cover with the companies suppliers.
Coface became the third insurance company to withdraw its facilities from the stricken high street store, following similar withdrawals by Euler Hermes and Atradius.
Shares in Woolworths have been hit by the credit insurance [...]

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Tags: Retail · UK Economy · World Economy

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