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Article: It's last orders for short-sellers if bosses get their way Some executives are trying to clamp down on stock lending to relieve downward pressure on their share prices. Jonathan Sibun reports
- Article from:
- The Sunday Telegraph London
- Article date:
- August 17, 2008
- Author:
CopyrightCopyright 2008 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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Rob Templeman is a man on a mission. While Debenhams' chief
executive might have chosen to spend the summer indulging his
passion for jet skis, he has opted for a less salubrious option.
The past few months have seen Templeman touring the City pleading
with his top shareholders to help him curb the short-selling of
Debenhams' shares.
That he is focusing his ire on the short-sellers and trying to
cut off their trade through the back door is testament to the impact
they are having on UK plc.
Following its trading update in January, Debenhams' share price
tumbled by 17 per cent in a single day after it warned of increasing
price competition. Short-sellers, who had bet more than pounds 150m
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