FTSE 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
Read moreFTSE 250 movers: Poor start to week as analyst note drives Wood Group down
8th Feb 2016 14:10
(ShareCast News) - It was a poor start to the week for the FTSE 250, with the second tier market down 313.83 points (1.96%) to 15,688.45 by mid-afternoon on Monday. Wood Group was one of the market's biggest fallers, as Goldman Sachs downgraded the company from 'neutral' to 'sell' and cut its target
Read moreFTSE 250 movers: Market turns on US job data
5th Feb 2016 15:43
(ShareCast News) - The FTSE 250 was still in the green mid-afternoon on Friday by 10.29 points (0.06%) at 6,097.02, but the second-tier market was tracking downwards. Just Eat led the risers after it revealed it had ordered four online takeaway food businesses in Spain, Italy, Brazil and Mexico for
Read moreFTSE 250 movers: Investors worried about Ocado Smart Platform partners
2nd Feb 2016 15:33
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 249.75 points (1.51%) to 16,239.51 points by mid-afternoon. Despite posting double-digit revenue growth for the year through "challenging market conditions", shares in Ocado Group were down over 8%. T
Read moreOcado posts strong revenue growth in "challenging" market
2nd Feb 2016 07:13
(ShareCast News) - Ocado has posted double-digit revenue growth for the year, despite "challenging market conditions". The FTSE 250 online grocery website posted its results for the 52 weeks to 29 November 2015on Tuesday. It said revenue had jumped 16.7% from £948.9m to £1.108bn compared to 2014.
Read moreTuesday preview: Analysts point to weak fourth quarter at BP
1st Feb 2016 13:00
(ShareCast News) - BP is expected to report a weak set of fourth quarter results on Tuesday amid lower oil prices. The oil giant is forecast to announce earnings in the final three months of 2015 fell to $730m (£514m) from $2.2bn a year earlier. For the full-year Deutsche Bank estimates the company
Read moreSunday newspaper tips: Ocado, Satellite Solutions, BHP Billiton, Rio Tinto
31st Jan 2016 14:29
(ShareCast News) - Sell shares in Ocado, said the Sunday Times' Inside the City column, as it has failed to deliver its long-promised deal to license out its online grocery technology to an overseas supermarket. Of course such a deal could still appear and help stop the shares' decline. However, it
Read moreOcado appoints Dixons Carphone deputy CEO as non-exec
28th Jan 2016 09:31
(ShareCast News) - Ocado has appointed Dixons Carphone's deputy chief executive officer, Andrew Harrison, as an independent non-executive director with effect from 1 March. Chairman Lord Rose said: "Andrew brings significant retail and technology experience and we will benefit from his new insight."
Read moreSunday newspaper round-up: HMRC's new tax deals, Tesco's debt, Sainsbury's
24th Jan 2016 16:11
(ShareCast News) - In the wake of Google's £130m tax settlement with the UK taxman, other giant US corporations are close to shaking hands on their own deals. HM Revenue & Customs officials have confirmed to the Sunday Times that Amazon, Facebook, Microsoft and McDonald's are all close to agreements
Read moreWednesday newspaper share tips: Unilever, Ocado
20th Jan 2016 19:36
(ShareCast News) - Unilever's plans to buttress its growth prospects in anticipation of weakness in emerging markets paid off last year. In September 2013 the company's boss, Paul Polman, warned of a downturn in emerging markets - from which it derives about half its business. Rivals afterwards issu
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreFTSE 250 movers: Ocado leads market after Amazon bid rumours
19th Jan 2016 14:44
(ShareCast News) - The FTSE 250 was firmly in the black on Tuesday, rising 152.56 points (0.96%) to 16,111.37 by mid-afternoon. Shares in Ocado were flying as rumours of a bid from Amazon resurfaced. The US internet retail giant was reported to be working on a potential approach for the FTSE 250 on
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