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Ocado Group Shares News & Articles

Market report: Ted Baker plunges on overstated inventory, Harry Potter publisher up as it enters China

The FTSE 100 got off to a strong start on Monday following better than expected manufacturing data coming out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index showed a reading of 51.8 in November, up from 51.7 the previous month and the fastest expansion since December 2016. Anything above 50 signals expansion, and anything less than 50 signals contraction in the ...

Market report: Virgin Money soars despite suspended dividend, Vodafone down as it goes ex-dividend

The FTSE 100 got off to a slow start this morning after US president Donald Trump signed into law a bill backing Hong Kong’s protesters. Stock markets around the world fell sharply on the news, fearing that China will retaliate. Beijing has consistently warned the US and other countries against interfering in what it sees as its internal affairs. The UK’s benchmark index no different to ...

FTSE 100 plunges on widespread selling pressure, Ocado seals Marks & Spencer deal

Heavy selling on Asian markets and escalating trade tensions lead to second day straight of large losses across UK stock markets in early trade on Monday. Just mining group Fresnillo (FRES) and British Airways-owner International Consolidated Airlines (IAG) make positive moves across the whole FTSE 100, which slumps more than 100 points, or 1.35%, to 7,307.00. Leading the sell-off is grocery ...

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 ...
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