slumped 53.1 per cent as the British convenience store chain forecast tepid annual core profit after a weaker-than-expected Easter performance, dented by lower consumer spending and supply chain disruptions. The troubled retailer said that it is in rescue talks with banks and lenders to get more money through the door, but that funding would likely wipe out most of the value of shares.shareholders to vote the company’s finance boss off the board next week.
Miners marked their worst session in two years as industrial metal prices slumped on concerns about waning demand from the top metals consumer, while oil and gas stocks dropped 4.8 per cent. The bank index lost 3 per cent. France’s CAC 40 dropped 2 per cent, caught in a wider risk-off move, even as Sunday’s election results showed pro-EU centrist