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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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Waitrose hails most successful Christmas on record

Waitrose says it has seen its most successful Christmas on record after sales for the twelve trading days up to December 31 were up 6.5% on last year.

Total sales for the five weeks up to Christmas Eve was 5.4% above the same period in 2012.

It said it also recorded its most successful single day of trading ever after taking £51m on Monday December 23.

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