Woolworths fined £350,000 by watchdog

Retailer Woolworths was fined £350,000 (€442,000) today after the group failed to tell the stock market about a share-price moving change to a major contract.

The fine, which relates to an incident in 2005, is the second biggest of its kind imposed by the Financial Services Authority (FSA) for failure to disclose information to the market in a timely manner.