Ocado forecasts return to FY positive core earnings as sales rise
16th Jan 2024 07:16
(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.
Read moreLondon close: Stocks mixed on relatively quiet Monday
15th Jan 2024 15:37
(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.
Read moreLondon close: Stocks rise as UK inflation slows further
20th Dec 2023 15:05
(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.
Read moreLondon close: Stocks manage gains amid holiday slowdown
19th Dec 2023 15:02
(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
14th Dec 2023 16:40
(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.
Read moreBroker tips: Compass, Marston's, Ocado, Hochschild
14th Dec 2023 13:03
(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.
Read moreOcado shares jump but Goldman sees little upside
14th Dec 2023 09:57
(Sharecast News) - Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.
Read moreJP Morgan upgrades Ocado ahead of internet sector "revival"
6th Dec 2023 08:35
(Sharecast News) - JP Morgan has upgraded its ratings for Ocado after reviewing its coverage of European internet stocks, saying that the sector's "revival is taking shape" after two years of struggle.
Read moreLondon close: Stocks mixed as US GDP growth tops forecasts
29th Nov 2023 16:40
(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by a combination of UK data releases and robust economic growth in the US.
Read moreOcado lands fulfiment technology deal with McKesson Canada, shares surge
15th Nov 2023 15:40
(Sharecast News) - Ocado shares shot higher on Wednesday after it announced a deal to provide fulfilment technology to healthcare provider McKesson Canada.
Read moreLondon close: Stocks rise as BoE keeps rates steady
2nd Nov 2023 15:12
(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.
Read moreLondon 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.
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