Marks & Spencer Share News (MKS)

UK's Ocado to close its oldest warehouse, 2,300 jobs at risk

Hatfield site opened in 2002

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Ocado to shut Hatfield fulfilment site, putting 2,600 jobs at risk

(Alliance News) - Ocado Group PLC on Tuesday said Ocado Retail Ltd plans to close its Hatfield customer fulfilment centre, north of London.

EXECUTIVE CHANGES: Wynnstay adds former Waitrose and M&S exec to board

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

LONDON BROKER RATINGS: HSBC cuts NCC; Exane BNP cuts Man Group

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Sunday newspaper round-up: OPEC, Bank of England, M&S

(Sharecast News) - A group of oil producers led by Saudi Arabia will slash their combined production by 1.0m barrels a day. The move by the Organisation of Petroleum Exporting Countries was expected to trigger a $10 a barrel jump in oil prices when financial markets reopened on Monday. It was also seen risking a fresh clash with Washington, which had already threatened consequences following previous output reductions in October. Moscow on the other hand was expected to be a beneficiary. Dan Pickering at Pickering Energy said the decision was likely in response worries about demand and the US banking crisis. - The Sunday Telegraph

Primark's UK workers to get 12% pay rise

LONDON, March 30 (Reuters) - Primark's 26,000 retail assistants in Britain are to get an inflation-beating average pay rise of 12% from April 1, the fashion retailer said on Thursday.

Ocado says Kroger committed to build more warehouses despite roll-out slowdown

LONDON, March 28 (Reuters) - U.S. supermarket group Kroger Co is committed to building more automated warehouses in partnership with British online grocer and technology group Ocado, despite slowing a roll-out of sites, Ocado CEO Tim Steiner said on Tuesday.

UPDATE: Ocado Retail sees shopping baskets shrink as food prices rise

(Alliance News) - Ocado Retail Ltd on Tuesday reported an increase in revenue for the first quarter of financial 2023 as customers and orders rose. It has also backed its annual guidance.

LONDON BROKER RATINGS: Numis likes WH Smith; Liberum cuts Centamin

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

UK's Ocado Retail keeps profit guidance after quarterly sales rise

Q1 revenue up 3.4% year-on-year

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UK's Ocado Retail maintains outlook as quarterly sales rise

LONDON, March 28 (Reuters) - British online supermarket Ocado Retail said revenue rose 3.4% in its fiscal first quarter and it maintained its financial guidance for the year.

Ocado Retail sees revenues rise despite 'challenging' backdrop

(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.

LONDON BROKER RATINGS: Panmure cuts Centamin to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

FTSE 100 gains ahead of Bank of England meeting; Fed in focus

UK inflation still in double-digit territory

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LONDON MARKET CLOSE: Stocks mixed as hot inflation muddies rate call

(Alliance News) - Stock prices in London on Wednesday ended mixed as hotter than expected inflation figures put the spotlight on the Bank of England ahead of its interest rate decision on Thursday.