Ocado Share News (OCDO)

Ocado turns up volumes but margins remain under pressure

(ShareCast News) - Ocado claimed its best quarterly volume growth in four years, although a slight acceleration in group revenue growth in the third quarter thanks to the Morrisons deal was overshadowed by comments about the tough margin environment. Average order size also continued its decline and

UK online grocer Ocado sees sustained margin pressure

LONDON, Sept 13 (Reuters) - British online grocer Ocado reported a 13.6 percent rise in quarterly retail sales but said the intensely competitive market was causing margin pressure and cautioned it would not go away any time soon. The firm, whose range includes products supplied by upmarke

RPT-UK grocer Morrisons on cusp of quiet revolution, but doubts remain

(Repeats Monday item) * Profits set to grow this year after four years of falls * Like-for-like sales seen rising for third quarter running * New CEO cuts prices to narrow gap with discounters * But over 60 pct of analysts rate stock as "underperform" * Potts needs t

UK grocer Morrisons on cusp of quiet revolution, but doubts remain

* Profits set to grow this year after four years of falls * Like-for-like sales seen rising for third quarter running * New CEO cuts prices to narrow gap with discounters * But over 60 pct of analysts rate stock as "underperform" * Potts needs to cut prices more, analysts

FTSE 250 movers: Sophos, Thomas Cook and Auto Trader lead gains

(ShareCast News) - The FTSE 250 was pretty much flat late into Thursday's session, with security software group Sohpos leading the way thanks to read-across from elsewhere Oxford-based Sophos, which is holding its annual general meeting next week, hit a six-month high on the day that FTSE 100 liste

Sunday newspaper round-up: Sterling, PMIs, May's Brexit talks, GSK, Sports Direct

(ShareCast News) - Hedge funds and other speculators have cranked up bets against the pound to their highest-ever level as sterling rises close to a three-week high. Short positions on the pound worth $7.8bn (£5.9bn) were racked up last week - the largest ever, according to US data used by the Sunda

Sunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill

(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex

Amec Foster Wheeler leads gains among oil equipment and service stocks

(ShareCast News) - Oil equipment and services stocks saw another day of gains, with shares in Amec Foster Wheeler spearheading the advance in the wake of its latest interim figures. Amec reported higher sales and lower earnings in the first half of the year which were better than the market expected

Tuesday broker round-up

(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w

UPDATE 1-UK supermarket Morrison expands Ocado home delivery deal

(Adds analyst reaction, shares) LONDON, Aug 9 (Reuters) - British supermarket WM Morrison agreed improved terms with its online partner Ocado which will allow it to extend home delivery across the country using its own stores to provide some products. Morrisons said a profit share a

WINNERS & LOSERS SUMMARY: Worldpay Bid Up After Strong First Half

BROKER RATINGS SUMMARY: Cantor Upgrades easyJet To Buy From Hold

Morrisons and Ocado extend online grocery deal, analysts say both sides benefit

(ShareCast News) - Morrison's has agreed to take 30% capacity of Ocado new customer fulfilment centre (CFC) in Erith by 2018, bought a new 'store pick' software licence and eased previous restrictions on the online specialist working with other UK supermarkets. Ocado will providing a store pick soft

British grocer Morrison broadens Ocado home delivery deal

LONDON, Aug 9 (Reuters) - British supermarket WM Morrison said on Tuesday it had agreed new terms with its online partner Ocado which will see it extend home delivery across the country using its own stores to pick products. Morrisons said under the new deal, a restriction on store picking

UK shoppers feel Brexit bite as grocery prices rise

LONDON, Aug 2 (Reuters) - The cost of a basket of popular supermarket items rose 1 percent in July, the second straight monthly increase, a comparison website said on Tuesday, as fallout from Brexit hits prices on the high street. After years of falling prices driven by rising competition a