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Sainsbury's shares slide on guidance hold, weak merchandise sales
Shares in Sainsbury's fell on Wednesday after a broadly-upbeat Christmas trading update did not include any upgrade to full-year forecasts despite like-for-like sales at the UK supermarket chain rising 7. 4% in the key trading period.
FTSE 250 movers: Direct Line slumps on financing report; Greggs rolls on
FTSE 250: 19,291. 94, -0. 01%.
Grifols threatens lawsuit against Gotham City over critical report
The row between Grifols and Gotham City Research intensified on Wednesday when the Spanish drug company said it would take legal action against the short-seller fund over a critical report that wiped billions from the firm's value on Tuesday.
Europe midday: Shares slip on global gloom; Grifols up as Gotham cuts stake
European shares were lower on Wednesday as the World Bank warned the war between Israel and Hamas would hit global economic growth, while Yemen’s Houthi rebels fired a barrage of drones and missiles at shipping in the Red Sea, forcing the US and UK navies to shoot them down.
Europe open: Shares slip as World Bank warns of hit to global growth
European shares fell at the open on Wednesday as the World Bank warned the war between Israel and Hamas would hit global economic growth, while Yemen’s Houthi rebels fired a barrage of drones and missiles at shipping in the Red Sea, forcing the US and UK navies to shoot them down.
Hunting holds guidance on strong order book, product sales
Precision engineering group Hunting held annual guidance as energy-related and non-oil and gas product sales helped to deliver solid top line growth in the year.
Oxford Instruments buys French camera maker in €18.7m deal
Research equipment maker Oxford Instruments said it had bought First Light Imaging, a French scientific camera specialist, for up to €18. 7m (£16m).