[Dow Jones] Woolworths (WLW.LN) -2.1% at 35.75p. Claire Collingwood of CMC Markets says there has been profit taking alongside the placing of a few speculative shorts.
She notes growing doubt over recent speculation that Icelandic investment company Baugur (BAUGUR.YY) will make a bid for Woolworths despite uping its stake to 8.06% from 6.18%. But a trader says speculation that Baugur is selling its stake in French Connection to buy Woolworths still makes sense. (DWE)
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