European Stocks Slide for Third Day

The video discusses recent market actions, highlighting a flight to safety and a significant impact from China's economic slowdown, with exports dropping and imports declining. The Stock 600 and Basic Resources Index are analyzed, showing recovery trends despite recent hits. Burberry's stock rose due to takeover speculation, while Tesco saw a boost amid challenging conditions in the UK supermarket industry, with competition from ALDI, Lidl, and Amazon.

What was the revenue change for Sainsbury in the last 12 weeks?

What challenges is the UK supermarket industry facing according to the text?