Ocado 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.
Read moreOcado to close Hatfield warehouse; 2,300 jobs at risk
25th Apr 2023 09:45
(Sharecast News) - Online supermarket Ocado said on Tuesday that Ocado Retail - its joint venture with Marks & Spencer - is planning to end operations at the Hatfield Customer Fulfilment Centre, putting more than 2,000 jobs at risk.
Read moreOcado wins UK patent infringement suit brought by AutoStore
30th Mar 2023 17:14
(Sharecast News) - Online supermarket and technology company Ocado said on Thursday that it had "comprehensively won" a patent infringement suit brought by Norwegian warehouse robotics group AutoStore at the UK High Court.
Read moreFood inflation soars to record 17.5% - Kantar
28th Mar 2023 09:27
(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
Read moreOcado Retail sees revenues rise despite 'challenging' backdrop
28th Mar 2023 07:01
(Sharecast News) - Ocado Retail reported a rise in first-quarter revenues on Tuesday despite a fall in basket sizes, and said it remained on track to return to sales growth and profitability.
Read moreTuesday preview: US house price data, Ocado in the spotlight
27th Mar 2023 12:25
(Sharecast News) - Financial markets' focus on Tuesday would be on the latest house price figures out of the US, alongside a smattering of speeches from central bankers from around the world.
Read moreSunday newspaper round-up: HSBC, Easyjet, Sky
26th Mar 2023 13:22
(Sharecast News) - A group of investors in Hong Kong have jostled HSBC into a shareholder vote on its structure and strategy, including a possible spin-off of its Asian unit. The group was led by minority shareholder Ken Lui. Its argument was that the Asian unit was "effectively subsidising" the western business to the detriment of shareholders. It was not clear if Chinese insurer Ping An would back Lui's latest move. For its part, the board told shareholders in a notice sent ahead of its AGM on 5 May that such a spin-off would "significantly dilute" its strategy, result in a material loss of value and lead to lower dividends, The Sunday Times first reported. - Guardian
Read moreOcado losses widen to £500m as retail operations hammered
28th Feb 2023 07:02
(Sharecast News) - UK online grocer and technology company Ocado Group posted wider losses as the cost of living crisis and return to normal shopping habits after the Covid pandemic hammered its joint venture with Marks & Spencer .
Read moreTuesday preview: US house price surveys, Ocado in the spotlight
27th Feb 2023 13:48
(Sharecast News) - The market spotlight on Tuesday would be house price surveys for the US covering the month of December.
Read more