SAP falls on profit warning gossip

Woolly speculation is enough for nervous investors...

SAP shares are sliding amid rumours the German software giant is about to announce a profit warning or issue a convertible bond. SAP refused to comment but a trader told Reuters the stock might have dropped because of this speculation. Having reached a year high of E182.50 (£113) in May SAP shares in Germany were down over 20 per cent from this mark in mid afternoon trading at E141.65 (£87.91).