London stocks fall as BoE delivers bigger-than-expected rate hike
BoE hikes rates by 50 bps to 5%
*Read moreBoE hikes rates by 50 bps to 5%
*Read more(Alliance News) - Stocks in London closed firmly in the red on Thursday after the Bank of England surprised with a chunkier-than-expected 50 basis point interest rate hike.
Read moreLONDON, June 22 (Reuters) - Global hedge funds including Man Group and AQR Capital Management faced potential losses on their bets against Ocado after the online grocer's stock price surged on Thursday, said data and research group Breakout Point.
Read moreTimes report says talk of bid interest from U.S. suitors
*Read more(Alliance News) - Stock prices in London were lower at midday on Thursday, while the pound struggled for direction, after the Bank of England acted more aggressively than initially expected, as it grapples with rampant UK inflation.
Read more(Alliance News) - Online retailer Amazon.com Inc on Thursday declined to comment on whether a takeover of online grocer and warehouse technology firm Ocado Group PLC was on the cards, Reuters reported on Thursday.
Read moreLONDON, June 22 (Reuters) - A spokesperson for Amazon declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado.
Read more(Sharecast News) - Ocado surged on Thursday amid speculation it could be a takeover target for Amazon.
Read moreMiners down as metal prices fall on strong dollar, China worries
*Read more(Alliance News) - London's FTSE 100 was steady at midday Tuesday, as investors look ahead to risk events in the form of a UK inflation reading and a Bank of England interest rate decision later this week.
Read more(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.
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