Revenue and earnings up for Ocado
28th Jun 2016 07:52
(ShareCast News) - Online grocer Ocado saw revenue and earning grow in the first half of the year, reporting gross sales of £582.9m for the 24 weeks to 15 May on Tuesday, a 13.9% rise on £511.9m in the comparative period last year. EBITDA hit £40.4m, a 5.7% increase from £38.2m, off the back of reve
Read moreGoldman takes down price targets on UK General Retailers
27th Jun 2016 12:49
(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read moreSocGen starts Ocado at 'sell', notes threat of AmazonFresh
17th Jun 2016 15:45
(ShareCast News) - Societe Generale initiated coverage of Ocado at 'sell' with a 193p price target, saying the stock was not attractively valued at current levels. The French bank said AmazonFresh was a potential threat and it needed reassurance on the group's ability to sign international partnersh
Read moreTuesday newspaper round-up: Sterling, retail jobs, Barclays, Apple
14th Jun 2016 06:55
(ShareCast News) - Mounting fears that Britain will vote to leave the European Union this month have sent the cost of insurance against a collapse in the pound soaring. As the pound collapsed back towards $1.40, traders have been hedging themselves, with euro/sterling one-month implied volatility, a
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreOcado delivers healthy jump in quarterly sales
15th Mar 2016 07:16
(ShareCast News) - Online grocery delivery firm Ocado said group gross sales rose 15.3% to £312.4m in the quarter to 21 February. Retail sales rose to £286.7m from £252m. Average weekly orders were up 16.9% to 214,000, although gthe average order size fell to £111.41 from £114.72. Ocado said it had
Read moreLondon pre-open: Stocks seen lower after BoJ stands pat
15th Mar 2016 07:12
(ShareCast News) - London stocks are set to open lower on Tuesday following a mostly weaker session in Asia, after the Bank of Japan decided to keep interest rates unchanged in negative territory. The FTSE 100 is seen starting 29 points lower than Monday's close at 6,145. Central bank meetings will
Read moreFTSE 250 movers: Three senior underwriters jump ship at Lancashire Holdings
1st Mar 2016 17:06
(ShareCast News) - Shares in Lancashire Holdings dropped to the bottom of the pile on Tuesday. After the close of trading in the previous session, the company said three more senior underwriters had jumped ship, close on the heels of the announced departure of John Hamblin, the CUO at Cathedral, in
Read moreTuesday newspaper share tips: Amazon.com, Morrison, Jupiter Fund Management
1st Mar 2016 15:55
(ShareCast News) - Amazon.com's entry into the UK retail food sector has led to even more frenzied competition in a UK food retail sector plagued by hard discounters, a glut of stores and a market share war online. "Wherever money is not being made, investors can be certain of one thing, Amazon will
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreFTSE 250 movers: Ocado, Ultra and Hiscox weigh on index
29th Feb 2016 14:29
(ShareCast News) - The FTSE 250 crawled back towards parity by mid-afternoon on Monday after an early morning dip, but the index remained doggedly on the wrong side of the line. Shares in Vedanta Resources led the recovery over the day, climbing on news that India will shelve export taxes on low-gra
Read moreMorrisons inks grocery supply deal with Amazon
29th Feb 2016 07:56
(ShareCast News) - Morrisons announced on Monday that it has inked a new supply agreement with online retailer Amazon.com that will make hundreds of its products available to Amazon Prime Now and Amazon Pantry customers in the coming months. The London-listed supermarket retailer will provide a whol
Read moreOcado drops on concerns about international deal
8th Feb 2016 15:18
(ShareCast News) - Ocado shares dipped on the back of a note from Barclays, saying it is struggling to have "sufficient faith in an imminent international deal" to justify upgrading the stock. The bank said Ocado isn't the only option for grocers wanting to build an online business. "Having said th
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
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