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View the article online at http://citywire.co.uk/wealth-manager/article/a756344

World Bank and Lufthansa cast shadow over FTSE

by Gavin Lumsden on Jun 11, 2014 at 14:03

King, who revived the company’s fortunes in his decade in charge, said: ‘I would have preferred a strong positive number as my last quarter but the key thing to point to is how strong our performance remains versus our grocery competitors.’

Meanwhile the ‘mid cap’ FTSE 250 index tumbled 189 points or 1.2% to 16,021, with retailers Supergroup (SGP) and Halfords (HFD) sliding 6% and 5% respectively.

Betfair (BETF) advanced 1.6% to £10.38 as the online gambling exchange beat full-year profit forecasts and looked forward to a busy World Cup, which starts on Thursday.

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