Ocado Group confirms talks with Morrisons as it posts sales jump
14th Mar 2013 08:00
Online grocery firm Ocado Group revealed it was in negotiations with Morrison Supermarkets to launch a shopping site as it posted a 14.4 per cent rise in sales. Ocado is in discussions to help Morrisons set up a grocery website the UK as more consumers opt to do their shopping online. It may le
Read moreMorrison moves online as it posts profit decline
14th Mar 2013 07:03
Morrison Supermarkets announced Thursday it was launching a shopping website as the company reported its first annual profit decline in six years. The company said it is in talks with Ocado Group to launch a online food store in 2014 in an effort to improve performance as shoppers move online. Th
Read moreLondon close: Barclays leads stocks higher as risk appetite increases
12th Feb 2013 17:00
Strong gains in the banking sector helped push the FTSE 100 one per cent higher on Tuesday afternoon, as markets welcomed news of a turnaround plan at UK lender Barclays. "European stock markets picked up some pace in Tuesday's session as traders upped their exposure to risk following recent weakne
Read moreFTSE 250 movers: Bumi lifted by improved production
12th Feb 2013 15:52
Bumi plc said coal sales and production grew during the fourth quarter in the wake of company infighting with co-founder Nat Rothschild. Sales were up 30% to 6.5m tonnes and output grew 15% to 5.9m tonnes over the last three months of 2012 at Indonesian business PT Berau Coal Energy, in which Bumi
Read moreLondon close: Subdued finish to a quiet day
11th Feb 2013 16:34
The FTSE 100 was swinging between gains and losses for most of Monday's session with markets across Europe lacking direction on a quiet day. "Global markets are trading lower today which may be related to the significant strength within the markets within 2013," said market analyst Craig Erlam from
Read moreFTSE 250 movers: Fidessa rises on positive sentiment change
11th Feb 2013 15:44
Trading systems developer Fidessa gained experiencing a 'marked and positive change of sentiment in the market' in recent months. Ocado extended Friday's gains which came on the back of Exan BNP's decision to raise its target price on the stock from 140p to 145p. Third-quarter power generation a
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreLondon close: Stocks slip as central banks stand pat
7th Feb 2013 17:19
Markets across Europe suffered steep losses on Thursday as traders reacted to comments from central bankers from the UK and Europe. "Early gains in equity markets proved unsustainable in the face of rising European yields and the unconvincing political backdrop," said senior sales trader Matt Basi
Read moreFTSE 250 movers: Ophir falls on placing news
7th Feb 2013 15:22
Shares in Ophir Energy fell after Credit Suisse confirmed that it has sold 36m shares on behalf the investment funds of two stakeholders, Och-Ziff Capital Management and Mittal Investments. The news overshadowed a positive update from the company also out today, in which the group said that its 40
Read moreLondon midday: Markets lower as BoE holds rates
7th Feb 2013 11:46
Markets were slightly lower by Thursday lunchtime as it was announced that the Bank of England (BoE) had kept interest rates unchanged at its latest meeting, however investors were focusing mainly on comments from incoming Governor Mark Carney before the Treasury Select Committee. Carney and the Bo
Read moreLondon open: Markets cautious ahead of policy decisions
7th Feb 2013 08:42
The FTSE 100 index opened slightly higher on Thursday morning, helped by some decent gains by Vodafone, TUI Travel and Compass, but trade was cautious ahead of the monthly policy meetings at the Bank of England (BoE) and European Central Bank (ECB). The BoE decision is expected at midday, with fore
Read moreOcado reports 14 per cent jump in online sales
7th Feb 2013 08:01
FTSE 250 listed online grocer Ocado has reported a 13 per cent rise in revenue to 678.6m pounds in the 53 weeks to December 2nd, preliminary results from the company have shown. The web-based fruit and vegetable seller reported that gross sales had risen 13.9% to £731.9m while earnings before inter
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
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