Ocado Share News (OCDO)

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.

Food inflation soars to record 17.5% - Kantar

(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.

TOP NEWS: Ocado achieves quarterly rise; backs annual outlook

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

LONDON MARKET OPEN: Stocks steady as banking worries ease

(Alliance News) - Stock prices in London opened mixed on Tuesday, amid reduced concern about the stability of the banking sector, as the Bank of England governor is set to testify to Parliament about the collapse of Silicon Valley Bank.

TOP NEWS: UK grocery inflation up to record again; Lidl fastest growth

(Alliance News) - UK grocery price inflation spiked to another record high in March, while German discount store Lidl was the fastest growing supermarket, survey results from Kantar showed on Tuesday.

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

Q1 revenue up 3.4% year-on-year

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LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

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.

Tuesday preview: US house price data, Ocado in the spotlight

(Sharecast News) - Financial markets' focus on Tuesday would be on the latest house price figures out of the US, alongside a smattering of speeches from central bankers from around the world.

Sunday newspaper round-up: HSBC, Easyjet, Sky

(Sharecast News) - A group of investors in Hong Kong have jostled HSBC into a shareholder vote on its structure and strategy, including a possible spin-off of its Asian unit. The group was led by minority shareholder Ken Lui. Its argument was that the Asian unit was "effectively subsidising" the western business to the detriment of shareholders. It was not clear if Chinese insurer Ping An would back Lui's latest move. For its part, the board told shareholders in a notice sent ahead of its AGM on 5 May that such a spin-off would "significantly dilute" its strategy, result in a material loss of value and lead to lower dividends, The Sunday Times first reported. - Guardian

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

FTSE 100 hits two-month low as banks stretch losses in SVB aftermath

HSBC falls after taking over SVB's UK arm

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LONDON BROKER RATINGS: Canaccord says sell Future; Investec likes RWS

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