Ocado 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
Read moreOcado announces plan for delivery hub in Milton Keynes
25th Aug 2015 13:15
(ShareCast News) - Online supermarket Ocado announced plans for a new delivery hub in Milton Keynes that will create 250 new permanent jobs. Based in Tongwell, the hub will span 43,254 square ft and will be home to 111 Ocado vans when it opens on 11 November 2015. The opening is part of the retaile
Read moreBroker tips: Ocado, Rentokil
14th Aug 2015 13:45
(ShareCast News) - Goldman Sachs said the sell-off in Ocado shares has been an unwarranted over-reaction to news that Amazon is planning to launch its Fresh food offering in the UK, as it will be worse news for bricks-and-mortar grocers. Goldman retained its 'buy' rating on Ocado and 'sell' on Sa
Read moreGoldman Sachs sells Sainsbury and buys Ocado over Amazon Fresh food launch
14th Aug 2015 08:57
(ShareCast News) - Goldman Sachs said the sell-off in Ocado shares has been an unwarranted over-reaction to news that Amazon is planning to launch its Fresh food offering in the UK, as it will be worse news for bricks-and-mortar grocers. Goldman retained its 'buy' rating on Ocado and 'sell' on Sains
Read moreFTSE 250 movers: Bwin boosted by 888 holdings acquisition, miners lower
17th Jul 2015 15:38
(ShareCast News) - Mid-caps were subdued on Friday as strong performances from telecoms, financials and insurers were offset by losses in the transport, mining and retail sectors. As of 16:00 BST, the FTSE 250 was trading flat at 17,743. Aldermore Group topped the risers on news that the Bank of En
Read moreBroker tips: Barclays, ARM Holdings, GKN, Ocado, Savills
17th Jul 2015 11:50
(ShareCast News) - Investors' faith in the heir designate at Barclays may not be misplaced, quite the contrary, but in the short-term his plans for a "strategic acceleration" means earnings may be even weaker, Investec said. The analyst downgraded the bank's shares to 'sell' from 'hold' and lowered
Read moreUBS cuts Ocado to neutral on partnership speculation
17th Jul 2015 11:27
(ShareCast News) - UBS has cut its rating for Ocado, but raised its price target to 480p. The bank said it was supportive of the online grocery store's business model but the delay in announcing a new partner did not help validate the model. "Deriving fair value on stock like Ocado with little in t
Read moreWednesday newspaper round-up: Greece, Ocado, Heathrow runway
1st Jul 2015 06:58
Greece has officially defaulted on its €1.6bn debt repayment to the IMF, making it the first ever developed economy not to pay back the IMF, The Telegraph reports. Ocado boss Tim Steiner has said the online grocer is in "advanced" and "very detailed" discussions with international retailers about se
Read moreLondon close: Last-minute Greek proposal fails to lift stocks, FTSE plunges 1.5%
30th Jun 2015 16:41
A last-minute request from Greek prime minister Alexis Tsipras for a new bailout programme failed to inspire gains on London's stock market as the heavyweight mining sector bore the brunt of a reduction in risk appetite. A sell-off on the base metals market was weighing heavily on mining stocks, pus
Read moreFTSE 250 movers: Home Retail group surges on upgrade, miners lower
30th Jun 2015 13:07
Mid-caps continued to decline on Tuesday, as gains made in the real estate sector were offset by weakness from telecommunications, technology and mining stocks. As of 15:30 BST, the FTSE 250 was trading 0.3% lower at 17,586. Home Retail Group topped the risers after Morgan Stanley upgraded the stoc
Read moreLondon midday: Stocks pare losses as investors hope for last-minute Greek deal
30th Jun 2015 11:05
UK stocks were trading in the red again on Tuesday, but had bounced off their lows by lunchtime as investors digested the latest news flow from Greece. The FTSE 100 was trading 0.6% lower at 6,583.15 by midday, having bounced off an intraday low of 6,540.52 early on. The index has not closed below t
Read moreLondon open: FTSE drops to January lows on Grexit fears
30th Jun 2015 08:48
UK stocks were trading at levels not seen since the start of the year on Tuesday morning as fears about a Greek exit from the Eurozone intensified. With Greece's current bailout set to expire on the same day that Athens faces a debt repayment to the IMF, investors were once again scaling back their
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