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Mothercare's shares slump by 30% after profits warning

Shares in Mothercare have slumped by 30% as it issued an unexpected profits warning following a tough Christmas season. But Sainsbury's and Waitrose have said they have enjoyed their strongest ever festive periods.

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Surge in online groceries shopping for Waitrose

Waitrose said the strong trading period was driven by growth in online groceries sales, which rose by more than a third in the five weeks to Christmas Eve compared with the same period in 2012.

Online groceries drove the strong trading Credit: Matthew Baker/PA Wire

It said that 619,000 people used their click and collect service in the same five-week period.

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