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BUZZ-Sainsbury's: Q4 better than feared

** J Sainsbury within easy reach of 4-mth highs reached earlier this mth as posts 1.9 pct drop in Q4 sales at stores open over a yr (ex fuel) vs co guidance of down c.2 pct

** Stock, up 1 pct, enjoyed stint at top of FTSE 100 leader board, only to pare gains - now up 1 pct, builds on 3.7 pct rise seen Monday into numbers

** Outperforms peers: Tesco (Xetra: 852647 - news) , boosted in previous session by news WPP (LSE: WPP.L - news) submitted bid for a majority stake in customer data business Dunnhumby, down 0.6 pct, & Wm Morrison trades flat

** Sainsbury is 3rd most borrowed FTSE 100 stock, with 12.9 pct of its shares on loan (trailing Morrisons in 2nd spot), according to Markit (NasdaqGS: MRKT - news) data (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)