Qatar fund exits Sainsbury's stake

On this episode of Stock Movers:
- HSBC unexpectedly appointed Brendan Nelson as its next chair, choosing an insider to replace hard-charging financier Mark Tucker who has led Europe’s largest lender for much of the last decade.
- Qatar’s sovereign wealth fund sold a stake worth about £266 million ($352 million) in J Sainsbury Plc, bringing an end to its near two-decade run as the largest shareholder in the supermarket.
- Inditex sales accelerated in November, the Zara owner highlighting its resilience in the face of weakening consumer sentiment that’s hitting many of its peers.

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