Woolworths to hold Masters analyst call

Announcement of conference call stokes concerns over home improvement JV.

Woolworths Ltd has arranged an analyst conference call about its Masters division this morning, raising concerns about the home improvement group's financial position, The Australian reports.

According to the newspaper, chief executive Grant O'Brien will not be on the call but chief financial officer Tom Pocket will be present.

Masters director Melinda Smith and Danks boss Mark Burrowes will also be on the call..

The Australian expects an announcement on the purchase of 30 Danks trade stores and their merger with Masters in an attempt to boost the troubled operations.