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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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Sainsbury's: We're new competition for Mothercare

Sainsbury's chief executive Justin King has told ITV News that the chain's popular toys range is "new competition" for businesses like Mothercare, whose shares fell 30% today.

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