Sainsbury shares slide as Qatar Fund cuts stake in major £265M selldown
J Sainsbury shares fell sharply on Wednesday after its biggest shareholder, Qatar’s sovereign wealth fund, moved to reduce its long-standing holding in the UK supermarket. The stock was the worst performer on the FTSE 100 in early trading, down 14.40 pence, or 4.4%, at 311.60 pence. Despite the drop, shares remain up 18% so far […]
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