Out-going Ocado co-founder offloads 15m pounds of shares
6th Feb 2014 14:36
Jason Gissing, the out-going Commercial Director of Ocado who co-founded the online grocery group in 2000, sold over 15m pounds-worth of shares in the company on the same day he announced his resignation. Gissing, who is stepping down at the group's annual general meeting in May, offloaded 3.05m sh
Read moreOcado non-exec sells 1.4m pounds in shares
5th Feb 2014 16:48
Robert Gorrie may have turned a few heads on Wednesday after it became known that he has sold a substantial number of shares in online grocer Ocado. The Non-Executive Director, who has previously served as Logistics Director at the firm, sold 275,00 shares in the firm at a price of 501.8p, for a gr
Read moreWednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreLondon close: Stocks erase losses but still end lower
4th Feb 2014 16:31
- Earnings from ARM, BP, BG Group coming in mixed - FTSE 100 erases losses but still ends lower - Markets consolidate before risk events, says analysts techMARK 2,746.10 -0.75% FTSE 100 6,449.27 -0.25% FTSE 250 15,540.28 -0.12% The FTSE 100 erased earlier losses, but still finished lower on Tuesda
Read moreFTSE 250 movers: Victrex reports six per cent rise in sales
4th Feb 2014 15:48
Polymer producer Victrex topped the the risers on the FTSE 250 after it reported a six per cent rise in sales in the first quarter of 679 tonnes, in line with expectations. The company said the second quarter had 'started well' with January sales in excess of 330 tonnes. Premier Oil surged followin
Read moreLondon midday: ARM, BP drag markets lower amid choppy session
4th Feb 2014 11:41
- Markets bounce off lows but still in negative territory - Stocks tracking losses in US, Asia - ARM, BP, Electrocomponents and Ocado lower after results techMARK 2,747.57 -0.70% FTSE 100 6,437.48 -0.44% FTSE 250 15,494.78 -0.41% It was a choppy morning for UK markets on Tuesday as stocks pared lo
Read moreLondon open: FTSE 100 at four-month low as ARM and BP fall
4th Feb 2014 08:22
- ARM, BP, Ocado fall as annual results disappoint - FTSE 100 at lowest since mid-October - Wall Street suffers worst drop since June 2013 techMARK 2,735.92 -1.12% FTSE 100 6,422.52 -0.67% FTSE 250 15,450.97 -0.69% UK stocks fell to their lowest levels in nearly four months on Tuesday morning as c
Read moreOcado sinks as annual losses widen, co-founder steps down
4th Feb 2014 07:48
- Loss before tax widens to 12.5m pounds, from 0.5m pounds - Gross sales grow 18.6 per cent - Expects to grow in line or ahead of market in 2014 - Co-founder Jason Gissing steps down Annual losses at online grocery group Ocado widened considerably last year despite decent top-line growth as costs a
Read moreTuesday preview: Ocado and ARM Holdings report
3rd Feb 2014 14:40
Online grocer Ocado is expected to report an annual pre-tax loss of 4.2m pounds, according to consensus. Analysts say the group will only just miss out on reporting its first pre-tax profit in 14 years of operation. However, the company's deal with Morrison last year to supply a new online servic
Read moreSunday newspaper round-up: RBS, Centrica, Vodafone
2nd Feb 2014 17:27
The Bank of England will question Royal Bank of Scotland over its capital position in the next two weeks, the Sunday Telegraph reported. The BoE's Prudential Regulatory Authority arm will call in RBS boss Ross McEwan to check on the bank's capital strength in light of his strategy review, due Februa
Read moreFTSE 250 movers: F&C Asset Management continues to soar
28th Jan 2014 15:25
Shares in F&C Asset Management extended yesterday's strong gains which came after the group confirmed reports it had received an indicative offer from Canadian bank BMO Financial Group of 120p a share in cash. Today the group confirmed it would recommend the £708m deal to shareholders and said it
Read moreFTSE 250 movers: F&C Asset Management jumps on offer news
27th Jan 2014 13:55
Shares in F&C Asset Management leapt this afternoon after the group confirmed reports it had received an indicative offer from Canadian bank BMO Financial Group of 120p a share in cash. F&C revealed it is 'likely to recommend a firm offer' at the price, which followed 'advanced discussions'. Elemen
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreOcado hails fourth quarter sales surge - UPDATE
16th Jan 2014 07:51
- Online Christmas sales soar - Strong performance continued into January - Expects to grow broadly in line, or slightly ahead of market FTSE-250 online grocer Ocado unveiled a sparkling set of fourth quarter figures after strong demand over Christmas and while it expects the retail environment to
Read moreFTSE 250 movers: Ashmore declines on falling AuM
14th Jan 2014 15:49
Ashmore, a UK fund manager that invests in emerging markets, saw its shares dive after it said assets under management fell 4.1 per cent during the quarter ended December 31st amid continued market volatility. AuM fell to $75.3bn during the quarter from $78.5bn as a result of net outflows totalling
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