Wednesday broker round-up
10th Feb 2021 13:12
(Sharecast News) - Ocado Group: Berenberg reiterates buy with a target price of 2,925p.
Read moreBarclays reiterates 'underweight' on Ocado
10th Feb 2021 09:54
(Sharecast News) - Barclays reiterated its 'underweight' rating on shares of online supermarket Ocado as it said it was disappointed and surprised that "2020 did not see any new deals inked".
Read moreOnline grocery sales surge as lockdown 3.0 bites
9th Feb 2021 10:08
(Sharecast News) - British shoppers spent a record £1.4bn buying groceries online last month, industry data showed on Tuesday, following the introduction of the third national lockdown.
Read moreOcado profits boosted by home delivery demand during pandemic
9th Feb 2021 07:01
(Sharecast News) - Online grocery platform and solutions provider Ocado on Tuesday reported a 68.8% rise in core earnings as the coronavirus pandemic drove demand for home deliveries.
Read moreTuesday preview: US jobs market, Ocado in focus
8th Feb 2021 16:09
(Sharecast News) - The results of two closely-followed surveys will keep the US labour market on investors' radar on Tuesday.
Read moreRetail sales rise at slowest pace since May - BRC
8th Feb 2021 14:30
(Sharecast News) - Retail sales rose in January at the slowest pace since the depths of the first Covid-19 lockdown as non-essential spending was hit by consumer concerns, the British Retail Consortium said.
Read moreUK plans online tax and 'excess profits' raid - report
8th Feb 2021 09:18
(Sharecast News) - Shares of AO World, Ocado and Asos and fell on Monday after the government was reported to be considering an online sales tax and a separate raid on "excessive profits" made during the Covid-19 crisis.
Read moreGrocery sales boom as lockdown measures shutter pubs and restaurants
2nd Feb 2021 07:42
(Sharecast News) - Grocery spending spiked in the last three months, boosted by Christmas and the re-introduction of lockdown measures, industry data showed on Tuesday.
Read moreBritish shoppers spend record £11.7bn on groceries in December
5th Jan 2021 10:11
(Sharecast News) - December was the busiest month ever for British supermarkets as tightening restrictions and the closure of restaurants, bars and cafes meant shoppers spent £11.7bn on groceries, according to market research firm Kantar.
Read moreTuesday broker round-up
15th Dec 2020 13:40
(Sharecast News) - Calisen: Credit Suisse downgrades to neutral with a target price of 261p.
Read moreOcado lifts FY earnings forecast as Q4 sales jump
10th Dec 2020 07:41
(Sharecast News) - Online supermarket Ocado lifted its full-year earnings forecast on Thursday as it reported a jump in fourth-quarter revenue amid continued strong demand.
Read moreUK grocery sales boom in November to hit record £10.9bn
8th Dec 2020 10:36
(Sharecast News) - UK grocery spending surged to an all-time high of nearly £11bn in November, industry data showed on Tuesday, as the second national lockdown came into effect and shoppers began stocking up for Christmas.
Read moreMonday broker round-up
30th Nov 2020 13:40
(Sharecast News) - Bodycote: JP Morgan downgrades to underweight with a target price of 635p.
Read moreUK grocery sales rise but shoppers resist stockpiling
10th Nov 2020 10:42
(Sharecast News) - Grocery sales continued to grow in October, but there was little evidence of stockpiling ahead of the second national lockdown, industry research showed on Tuesday.
Read moreOcado ups guidance by half as shoppers go online
2nd Nov 2020 07:01
(Sharecast News) - Ocado increased its guidance for annual earnings by 50% as consumers switched to internet shopping during the Covid-19 crisis.
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