SAP falls on profit warning gossip

Woolly speculation is enough for nervous investors...

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).