Xaar’s Q3 update reiterated existing guidance, reflecting H2 sales to date broadly in line with H1. Sales to the ceramic tile printing market have been stable but seen some softening in China in October; packaging sales continue to grow (including direct-to- shape); and graphic arts sales have declined slightly less than expected. We have not changed our 2015 forecasts, which assume sales at the bottom of the £92-95m guidance given lack of visibility regarding Chinese demand. For 2016 we have tr ....