Aug 23 (Reuters) - Woolworths Ltd WOW.AX
* We do not expect an improvement in losses at BIG W in FY18
* In Australian Food, we expect trading environment to remain competitive in year ahead but also expect to see continued progress
* For first eight weeks of FY18, Australian Food comparable sales growth has been broadly in line with FY17 second half growth rate
* FY18 will be a year of investment for New Zealand Food which will impact profit in short-term