By Steve Goldstein, MarketWatch
Shares of Walmart’s /zigman2/quotes/207374728/composite WMT +0.64% U.K. rivals languished on Thursday after its Asda subsidiary reported downbeat sales in the third quarter.
Asda said comparable-store sales fell 0.5% in the third quarter, with the company flagging consumer concerns over Brexit.
Shares of J Sainsbury /zigman2/quotes/206038250/delayed UK:SBRY +0.05% , which was blocked from an Asda merger, slipped 0.4%. Tesco /zigman2/quotes/203761082/delayed UK:TSCO +0.88% shares slipped 0.2%, while Morrison Supermarkets /zigman2/quotes/205533138/delayed UK:MRW +0.41% rose by 0.2%. Online delivery service Ocado /zigman2/quotes/207225647/delayed UK:OCDO +1.04% rose 1.1%.
The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.79% more broadly dropped 0.38% to 7323.26.
Burberry Group /zigman2/quotes/205386705/delayed UK:BRBY -1.06% rose 2.6% after reporting a stronger-than-forecast first-half pretax profit, with second-quarter same-store sales rising 5%.