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Woolies plunge hurts market

2014-11-03 08:55:59| Grocery - Topix.net

Woolworths dropped 4.9 per cent to $34.24 after the retailer showed September quarter sales rose by just 3 per cent. Photo: Glenn Hunt Another record profit from Australia's second-largest bank and more monetary easing by the Bank of Japan were not enough to buoy the local sharemarket, as Woolworths disappointed investors with its worst quarterly sales update in more than four years.

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