Last part of Woolworths 'may go into administration'

The surviving part of the collapsed Woolworths empire may be placed in administration by the end of the week in a move that could hit the chain’s pension fund, it was reported today.

The group’s 40% stake in 2Entertain media publishing business is understood to be poised to go into administration as Woolworths is said to be at loggerheads with joint owner BBC Worldwide over the sale of its shareholding.