Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the supermarket giant develop an online shopping channel. [11 Jun '13]
Falling bond values over the past few weeks hit Man Group hard, according to The Times, which says that the hedge-fund manager "had been badly wrongfooted by the bond-market collapse". Shares tanked by 17 per cent yesterday after the firm said that its flagship AHL Diversified fund had suffered an 11 per cent loss over the last month, amounting to losses of nearly 1.2bn pounds. [6 Jun '13]
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'. [5 Jun '13]
Speculation surrounding the future of the Federal Reserve's stimulus programme continued to drive market sentiment on Tuesday as stocks rebounded on hopes that the US central bank will delay scaling back measures as it awaits a firmer recovery. [4 Jun '13]
Defence and aerospace group Cobham was in the red after a late report last night said an unnamed 'institutional investor' sold 39.1m shares in the company via a placing, equal to a 3.6 per cent stake. [4 Jun '13]
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