Marks & Spencer Group Shares News & Articles

Ocado’s earnings go up in smoke, yet shares blaze higher on overseas growth excitement

Grocery distribution technology firm Ocado’s (OCDO) shares blazed 7.3% higher to £12.56 this morning, despite the company reporting a slump in first half earnings following a fire at its flagship robotic warehouse in Andover, one also reflecting accounting changes and share scheme costs. Investors instead focused on a robust increase in half year retail revenue and a surge in fees invoiced ...

Market report: Upbeat Ocado plunged deeper into the red on blaze costs, Eddie Stobart warns

Online grocery technology company Ocado (OCDO) booked a deeper first half loss after the fire which destroyed its Andover warehouse in February. But the share price soars to the top of the FTSE 100 leader board on Tuesday with investors are comforted by Ocado’s positive outlook comments, with management saying that ‘we have never had as many opportunities to grow as we do today.’ That ...

Market report: UK stocks up on record US close, Sainsbury sales fall, Purplebricks exits US

UK stock markets responds to new record highs for US shares overnight as trade tensions loosen between the US and China ease off ahead of the 4 July holiday in the States. The S&P 500 finished the session up 0.3% at 2,973.01 while the technology heavy Nasdaq Composite closed 0.2% up at 8,109.09. That mood leaks across the pond to UK stocks with the benchmark UK index FTSE 100 rallying ...

Market report: Profits slump at struggling Marks & Spencer as dividend cut and discounted rights issue unveiled

UK investors are on the front foot in early trade on Wednesday as they eye the promise of progress on a softer Brexit deal and are buoyed by firm markets in New York and Asia overnight. The benchmark FTSE 100 opens roughly 34 points higher at 7,362.92, closing on May highs of 7,385, and batting off a series of corporate announcement disappoints. They include Marks & Spencer ...

Lessons from latest supermarket data and why UK 'big four' remain under cosh of rampant Aldi and Lidl

Competition remains cut-throat in the UK grocery market with German discounters Aldi and Lidl still rampant. According to the latest grocery market share figures from Kantar, the sector enjoyed its fastest rate of growth in 2019 to date over the 12 weeks to 21 April as late Easter sunshine provided a boost. But the UK's ‘big four’ – Tesco (TSCO), off 0.8p at 247.5p ...

Marks & Spencer marked down as transformational Ocado tie-up comes at great cost

After admitting to talks yesterday, Marks & Spencer (MKS) confirms plans to form a £1.8bn grocery joint venture with technology delivery firm Ocado (OCDO). The fact the latter’s shares ripen another 4% to £10.30 on the news reflects a perception the deal makes more sense for Ocado than for Marks & Spencer, whose entry into the food delivery business for the first time comes at a hefty ...
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