Ocado 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
Read moreLondon pre-open: Stocks to extend drop as Greek crisis deepens
30th Jun 2015 07:40
UK stocks are set to drop further on Tuesday morning after finishing at a five-month low the previous session with Greece set to default on a debt repayment to the IMF. After failing to secure a funding deal with creditors, Athens has effectively ran out of time to come up with the cash to repay the
Read moreOcado earnings climb 11% as new customers and product units surge
30th Jun 2015 07:14
A 30% rise in new customers and 19% increase in active customers in the first half of the year helped online supermarket Ocado drive robust growth in revenue and operating profits despite the fierce grocery industry competition. Much heralded talks with multiple overseas retailers about using the co
Read moreLondon close: FTSE sinks to five-month low as final act of Greek drama unfolds
29th Jun 2015 16:54
Heavy falls in the travel, tourism and financial sectors prompted a 2% plunge on the FTSE 100 on Monday as investor sentiment was hammered by concerns about the future of Greece and the wider Eurozone. The FTSE 100 finished 133.22 points lower (-1.97%) at 6,620.48 by the end of the session, its lowe
Read moreFTSE 250 movers: Thomas Cook hit by travel market uncertainty, Ocado higher on deal speculation
29th Jun 2015 13:21
Mid-caps plunged on Monday, with gains made by miners overshadowed by weakness in the travel and financial sectors, as Greece closed its banks and called for a public vote on bailout proposals by its creditors. As of 15:00, the FTSE 250 was trading 1.2% lower at 17,607. Travel tour operator Thomas
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