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Market report: China gets its retaliation in early and Sainsbury’s beats downbeat expectations

The FTSE 100 dips lower early on after China announced plans overnight to impose tariffs on $34bn of US imports ahead of tariffs of a similar scale due to be imposed on Chinese goods in the US on Friday. The index is down 0.3% at 7,569.26. Supermarket chain Sainsbury's (SBRY) posts a 0.8% rise in first-quarter sales, excluding fuel, against a forecast 0.1% decline. The shares are up 0.6% to ...
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