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| | Guardian Unlimited | The Guardian | Woolworths shares plunge 30% |
 | | Formerly owned by retail giant Kingfisher, Woolworths was demerged in 2001, but under its chief executive, Trevor Bish-Jones, and its chairman, Gerald Corbett, the 800-store chain has been squeezed by supermarkets and specialist retailers. |
 | | Following news of Apax's withdrawal, Woolworths said sales at its main chain were down 3% on a like-for-like basis, stripping out sales from new stores, in the first 10 weeks of its financial year. |
 | | In morning trading, Woolworths shares were down 29% at 39p, close to their level in late January before Apax first indicated a possible bid. |
| www.guardian.co.uk /business/story/0%2C3604%2C1459524%2C00.html (423 words) |
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