Shoppers clamber for deals as grocery inflation slows further
23rd Apr 2024 08:57
(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
Read moreLondon close: Stocks jump on weaker sterling, easing geopolitics
22nd Apr 2024 14:54
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read moreOcado shareholders reportedly pushing for move to NYSE
22nd Apr 2024 09:52
(Sharecast News) - Ocado shareholders are pushing for a potential shift from its London listing to the New York Stock Exchange, it emerged over the weekend.
Read moreSunday newspaper round-up: IDS, Ocado, Foxtons
21st Apr 2024 16:47
(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian
Read moreLondon close: Stocks rise at start of busy week
8th Apr 2024 16:52
(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.
Read moreLondon close: Stocks finish lower as US payrolls top forecasts
5th Apr 2024 15:22
(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.
Read moreLondon close: Stocks manage gains ahead of US payrolls report
4th Apr 2024 15:58
(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.
Read moreOcado chair Haythornthwaite to step down next year
4th Apr 2024 08:03
(Sharecast News) - Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.
Read moreLondon close: Stocks turn red on return from Easter break
2nd Apr 2024 15:22
(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.
Read moreLondon close: Stocks rise as US consumer confidence remains stable
26th Mar 2024 17:06
(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.
Read moreOcado Retail sees strong first-quarter growth
26th Mar 2024 07:22
(Sharecast News) - Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8.1% year-on-year increase in total item volumes propelling retail revenue to £645.3m, itself up 10.6%.
Read moreLondon close: Stocks slip back after last week's peak
25th Mar 2024 15:49
(Sharecast News) - London markets finished in the red on Monday, having traded below the waterline through the session after reaching a peak at the end of last week.
Read moreOcado facing opposition to £15m bonus for Tim Steiner
25th Mar 2024 12:07
(Sharecast News) - Ocado fell on Monday following a report over the weekend suggesting the company is under pressure over executive pay after an influential proxy adviser urged shareholders to vote against a new bonus scheme that could see boss Tim Steiner paid as much as £14.8m.
Read moreLondon close: Stocks languish ahead of Wednesday's Budget
4th Mar 2024 15:29
(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.
Read moreLondon close: Stocks finish positive as US inflation moderates
29th Feb 2024 16:05
(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.
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