Amazon to accelerate UK grocery plans
29th Dec 2015 08:28
(ShareCast News) - Amazon has revealed it plans to ramp up its UK grocery offering in the new year, adding a significant new disruptive pressure into the already aggressively competitive supermarket industry. The UK online retailing colossus launched its Pantry service in Britain in November, off
Read moreFTSE 250 movers: Issues in Africa cause problems for Investec and PZ Cussons
10th Dec 2015 14:33
(ShareCast News) - The FTSE 250 continued to drop on Thursday, with the market down 52.17 points (0.30%) to 17,087.68 by mid-afternoon. Political events in South Arica caused Investec to plummet throughout the day. President Jacob Zuma on Wednesday evening fired the country's finance minister, Nhlan
Read moreLondon midday: Equities slide as BoE keeps interest rates unchanged
10th Dec 2015 11:09
(ShareCast News) - UK equities declined as the Bank of England voted 8-1 to keep interest rates unchanged. The BoE left interest rates at 0.5% and the asset purchase programme at £375bn, as expected by analysts, amid a slowdown in emerging economies, low inflation and a strong pound. The minutes of
Read moreOcado reports double-digit sales growth but momentum slowing
10th Dec 2015 08:10
(ShareCast News) - Online grocer Ocado reported double-digit sales growth in a "challenging and competitive" grocery retail environment. For the 16 weeks to 29 November, group sales grew 15% to £381.6m, while gross retail sales were 13% higher at £351.8m. The group sales figures represented a slowd
Read moreFTSE 250 movers: Special dividend hopes boost Fidessa
21st Oct 2015 13:41
(ShareCast News) - After a poor start to the day, the FTSE 250 rebounded to 17,077.60, up 93.57 points (0.55%). Investment management and information services provider Fidessa led the risers after it revealed it expects to announce a further special dividend when it publishes its full year results i
Read moreBroker tips: Domino's Pizza, Ocado, Aveva
20th Oct 2015 13:13
(ShareCast News) - Domino's Pizza got a boost after Citigroup lifted the stock to 'buy' from 'neutral' and raised the price target to 1,170p from 760p. The bank said it sees continuing strong UK growth in the medium term through both good like-for-like sales and store roll-out. In addition, it said
Read moreTuesday broker round-up
20th Oct 2015 11:15
(ShareCast News) - Domino's Pizza Group: Citigroup upgrades to buy, bumps up target price to 1,170.00p. Randgold Resources Ltd: Deutsche upgrades to buy, raises target price to 5,050.00p. Aveva Group: Berenberg Bank upgrades to buy, lifts target price to 2,450.00p. Dairy Crest Group: HSBC reiterat
Read moreMacquarie starts Ocado at 'outperform', says market underestimating leverage
20th Oct 2015 09:48
(ShareCast News) - Macquarie initiated coverage of Ocado at 'outperform' with a 410p price target, saying the market is significantly underestimating operating leverage in the company's business model. "We think conservative company guidance on operating costs is holding back the market," it said.
Read moreFTSE 250 movers: Ocado surges on back of positive broker notes
17th Sep 2015 14:19
(ShareCast News) - The FTSE 250 index was down 20.12 points, or 0.12%, to 17,041.85 mid-trading Thursday afternoon. Leading the risers was online grocery delivery company Ocado Group, which surged today on the back of positive notes from Morgan Stanley and Deutsche Bank. Vehicle hire group North
Read moreOcado shares surge on positive broker notes
17th Sep 2015 09:55
(ShareCast News) - Shares in online grocery delivery company Ocado were boosted by a couple of positive broker notes on Thursday. Morgan Stanley initiated coverage of the stock at 'overweight' with a 420p price target. "We view Ocado as a disruptive long-term winner in online grocery and prefer it
Read moreLondon pre-open: Stocks to start higher ahead of CPI data
15th Sep 2015 07:22
(ShareCast News) - Stocks were being called to start the day higher ahead of a raft of macroeconomic releases, not to mention the outcome of the US Federal Reserve's policy meeting on 17 September - which has kept markets in thrall for several weeks now. Bookmakers were calling the Footsie to start
Read moreOcado gross group sales up 17%; sees trading slightly ahead
15th Sep 2015 07:17
(ShareCast News) - Gross group sales at online supermarket delivery and retail group Ocado rose 17% to £272m in the third quarter of the year, with average orders per week jumping 16.6% to 190,000. The average order size fell 1.1% to £110.46, Ocado said. Group sales take in includes the benefits fro
Read moreBroker tips: Paddy Power, ASOS, Ocado
1st Sep 2015 14:30
(ShareCast News) - HSBC upgraded Paddy Power to 'hold' from 'reduce' and lifted its price target to €96.5 from €71.5 following strong first-half results and the company's deal with Betfair. The bank said operating profit was 9% ahead of its estimate, driven by the online operations in Europe and Aus
Read moreFTSE 250 movers: Rentokil rallies on acquisition, Man Group drops on press report
1st Sep 2015 14:28
(ShareCast News) - London's mid-cap index was in the red on Tuesday as weak Chinese and UK manufacturing figures weighed on sentiment. At 1440 BST, the index was down 1.8% at 16,807.07. OneSavings Bank was the standout gainer after Numis raised its forecasts and target price on the stock following s
Read moreOcado rallies as Exane upgrades to 'neutral', says shares are fair value
1st Sep 2015 12:03
(ShareCast News) - Ocado was on the front foot, bucking the overall trend after Exane BNP Paribas upgraded the stock to 'neutral' from 'underperform' and lifted its price target to 325p from 260p following the pullback in the share price. "We take a deep dive on Ocado's international potential, revi
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