Ocado surges on rumours of Amazon bid
19th Jan 2016 08:46
(ShareCast News) - Shares in Ocado were flying on Tuesday morning 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 online grocer as part of its Amazon Pantry and Amazon Fresh plans for food deliveries in the
Read moreFTSE 250 movers: Ocado continues to slump
11th Jan 2016 15:09
(ShareCast News) - The FTSE 250 stayed in the red on Monday, down 43.10 points (0.26%) to 16,689.56 by mid-afternoon. Ocado Group led the fallers again on Monday, despite Barclays reiterating its 'equal weight' rating last week. It followed the company slumping at the start of the year and late last
Read moreFTSE 250 movers: Ocado keeps falling, Allied Minds lifted by paper tip
4th Jan 2016 14:10
(ShareCast News) - With less exposure to international companies than the blue chip benchmark, the FTSE 250 index was down 1.5% by mid afternoon, compared to the 2%-plus dip of the FTSE 100. Worries about China were the cause of the widespread losses in London, Europe and the US on Monday, but the U
Read moreOcado slides on concerns over Amazon expansion
30th Dec 2015 09:40
(ShareCast News) - Online grocery distributor Ocado slumped on Wednesday, with market participants pointing to Amazon's plans to expand its 'Pantry' grocery delivery service in the UK. Amazon revealed on Tuesday that it intends to ramp up its UK grocery offering in the new year. The online retailer
Read moreAmazon 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
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