London close: Stocks mixed at start of busy week
23rd Oct 2023 19:21
(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.
Read moreBarclays downgrades Ocado, shares slide
16th Oct 2023 10:24
(Sharecast News) - Ocado was under the cosh on Monday after Barclays downgraded shares of the online supermarket to 'underweight' from 'equalweight' and slashed the price target to 430p from 680p, pointing to a "particularly challenging" valuation.
Read moreLondon close: Stocks finish higher on dovish Fed rhetoric
10th Oct 2023 16:34
(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.
Read moreFTSE 100 movers: Kingfisher down 11% after profit warning
19th Sep 2023 14:04
(Sharecast News) - Kingfisher lost more than a tenth of its market value on Tuesday after the DIY retail conglomerate warned shareholders that it would have to scale back profit guidance this year.
Read moreOcado holds guidance as Q3 retail sales rise 7.2%
19th Sep 2023 07:03
(Sharecast News) - Online grocer and technology company Ocado maintained annual guidance after a 7.2% rise in third-quarter retail revenues.
Read moreLuke Jensen stepping down from Ocado Solutions
27th Jul 2023 08:15
(Sharecast News) - Technology-driven online grocer Ocado Group announced the upcoming retirement of Luke Jensen, the current executive director and CEO of Ocado Solutions, on Thursday.
Read moreOcado to receive £200m from AutoStore in patent dispute settlement
24th Jul 2023 07:33
(Sharecast News) - UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over 'robot' patents.
Read moreShoreCap 'palpably cautious' when it comes to Ocado
18th Jul 2023 11:38
(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it caming to valuing the business.
Read moreOcado holds guidance after swinging to profit in H1
18th Jul 2023 07:03
(Sharecast News) - UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be "marginally positive" for the full year.
Read moreOcado surges on Amazon bid speculation
22nd Jun 2023 08:57
(Sharecast News) - Ocado surged on Thursday amid speculation it could be a takeover target for Amazon.
Read moreJPMorgan cuts Ocado price target, puts shares on 'negative catalyst watch'
20th Jun 2023 09:55
(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.
Read moreBroker tips: Ocado, Abcam
20th Jun 2023 08:22
(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.
Read moreUK grocery inflation nudges lower to 17.2%
23rd May 2023 09:14
(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.
Read moreDeutsche Bank starts Ocado at 'hold', says risk/reward balanced
27th Apr 2023 08:44
(Sharecast News) - Deutsche Bank initiated coverage of Ocado on Thursday with a 'hold' rating and 550p price target as it said the risk/reward is currently balanced.
Read moreUK grocery inflation eases but remains at record level
25th Apr 2023 10:19
(Sharecast News) - Grocery inflation eased marginally in April, industry data showed on Tuesday, but remained close to record highs.
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