Barloworld down after Caterpillar sales slump

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Johannesburg - Shares of Barloworld fall nearly 5 percent to 107.50 rand after US construction and mining equipment manufacturer Caterpillar said on Tuesday that retail statistics of machines for the three-month period to the end of April were down 13 percent, sending its shares sharply lower.

Barloworld, the sole dealer of Caterpillar products in southern Africa, slumps to a two-month low on the back of Caterpillar's announcement and concerns over global sales of heavy machinery. - Reuters



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