Mickelson leads the way from Woods in Shanghai

Former champion Phil Mickelson will take a two stroke lead over world number one Tiger Woods and fellow American Nick Watney into the final round of the World Golf Championships-HSBC Champions after carding a five-under-par 67 in Shanghai today.

World number two Mickelson shipped just his second bogey of the week as he added to yesterday’s flawless 66 as the 2007 champion progressed to 14-under-par overall.