FSA probes short selling in Woolworths

The Financial Services Authority is understood to be asking questions about a short sale of 30 million shares in retailer Woolworths six days before the withdrawal of an £846m (€1.2bn) potential bid from buy-out firm Apax Partners.

Stock borrowing figures collected by Dataexplorers, the information provider, show almost 3% of Woolworths' shares were borrowed in a single trade last Friday.

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