Ocado Share News (OCDO)

Friday newspaper round-up: AA, Iron ore prices, Ocado...

Shareholder groups last night warned of a corporate governance breakdown at the AA after chief executive Chris Jansen resigned two months after its stock market float. The roadside assistance firm decided its boardroom was not big enough for both Jansen and executive chairman Bob Mackenzie, who led

FTSE 250 movers: Playtech rises after boosting dividend

Playtech shares rose strongly after the group reported a rise in revenue and boosted its interim dividend. It also confirmed several new contracts. Net assets doubled at IP Group, thanks to a £100m capital raising, the acquisition of Fusion IP and a big increase in the value of its portfolio compa

FTSE 250 movers: Telecity slides as CEO plans exit

Telecity's shares slumped on Tuesday after announcing the departure of chief executive Michael Tobin who has been with the company for more than 10 years. Tobin will leave in October following a handover period on 31 October. It comes shortly after Eric Hageman was appointed chief financial officer

DIRECTOR DEALINGS: Ocado Directors Acquire Partnership Shares

Sector movers: Tesco boosts food retailers as investors welcome CEO change

A profit warning from Tesco sent many UK supermarket stocks lower on Monday, but investors in the firm itself seemed to celebrate the appointment of a new boss, sending shares in the grocery giant higher. Tesco, the largest retailer in Britain and second-largest in the world with a market capitalis

FTSE 250 movers: Carphone Warehouse, Dixons surge as shareholders approve merger

Merger partners Carphone Warehouse and Dixons Retail were both gaining around 5% on Friday afternoon after shareholders overwhelmingly voted in favour of the £3.7bn tie-up yesterday. "I'm delighted that shareholders have unequivocally supported the creation of Dixons Carphone," said Sebastien James

FTSE 250 movers: Just Eat and Ocado lead slide

Leading the FTSE 250 on its journey lower on Tuesday, Just Eat continued its own recent decline with a steep drop in the session, which fell along with fellow online retailer Ocado, which was knocked by a target price cut from Deutsche Bank from 350p to 330p. Although it was expected, slowing sales

London midday: Airlines, retailers lead UK stocks lower

- Airlines, retail stocks provide a drag - UK industrial production unexpectedly declines - Alcoa, Fed minutes in focus for US investors - M&S closely watched after Q1 update techMARK 2,816.76 -0.95% FTSE 100 6,790.61 -0.48% FTSE 250 15,731.61 -1.01% Heavy falls in the airline and retail sectors o

Monday broker round-up UPDATE

Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from

London close: FTSE ends almost flat after quiet end to busy week

- FTSE closes up just 0.84 points at 6,866.05 - Experian leads following broker comment - UK new car registrations rise 10.6% YOY techMARK 2,855.66 +0.13% FTSE 100 6,866.05 +0.01% FTSE 250 16,050.16 +0.13% It was an almost flat finish for the UK's top tier index on Friday, with the index coming of

FTSE 250 movers: Greene King leads risers as Ocado falls

Greene King recovered from yesterday's declines, which came after the pub owner warned that consumers were still cautious, despite posted a rise in profit. Computacenter rose after UBS upgraded its from 'neutral' to 'buy'. Evraz shares climbed on rumours that the company is looking to offload a

Broker tips: Antofagasta, Direct Line, Supermarkets

Shares in copper miner Antofagasta were continuing their recent upward trend on Friday after analysts at both Morgan Stanley and UBS cited a lack of near-term negative catalysts. Morgan Stanley upgraded its rating on the stock from 'underweight' to 'equalweight', saying that "negative catalysts [ha

Shore Capital continues to prefer discounters over supermarkets

Shore Capital has repeated its preference for discount retail stocks over incumbent superstore operators after research showed that the Convenience, Discount and Online (CDO) channels will drive growth in the UK grocery market over the next five years. The Institute of Grocery Distribution (IGD) es

FTSE 250 movers: Ocado continues higher as Balfour sinks

Online grocer Ocado continued to rebound from Tuesday's heavy sell off which came on the back of an underwhelming set of interim results on Tuesday. Drax Group was lifted by Credit Suisse, which upgraded the stock from 'neutral' to 'outperform', and increased its target from 695p to 750p. Meanwhil

London close: UK construction, StanChart lift FTSE

- FTSE closes up 13.45 at 6,816.37 - UK construction drives gains - StanChart lifted by private equity sale rumours techMARK 2,832.57 0.00% FTSE 100 6,816.37 +0.20% FTSE 250 15,897.11 +0.35% London's blue chips closed with modest gains today, coming off a sharp dip this morning, but with limited m