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No plans to raise capital: Woolies

AAP logoAAP 25/07/2016 Trevor Chappell

Struggling supermarket giant Woolworths says it currently has no intentions to raise capital.

"I've learned never to say never, but I can assure you right now that it is not part of the current plan: No. The focus is on trading performance and momentum in that regard," Woolworths chief executive Brad Banducci told analysts on Monday.

Woolworths has announced that it is slashing 500 jobs and will incur a charge of $959 million in its full-year results as it continues to restructure its operations.

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