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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 357.30
Bid: 359.20
Ask: 360.00
Change: 6.20 (1.77%)
Spread: 0.80 (0.223%)
Open: 350.90
High: 366.20
Low: 349.40
Prev. Close: 351.10
OCDO Live PriceLast checked at -

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Broker tips: UK grocers, Whitbread, Synthomer...

Tue, 08th Apr 2014 12:23

The outlook for profits across the UK grocery sector is 'highly constrained', according to Shore Capital, which has raised concerns about rising pricing contagion. The broker retained its 'sell' ratings for supermarket rivals Tesco and WM Morrison and online grocer Ocado."We have harboured growing concerns about the scope for price cutting to gain ground in recent months, so potentially debilitating supermarkets' gross margins in what are demonstrably weak markets in terms of demand in the UK," said analysts Clive Black and Darren Shirley.Costa, Premier Inn and restaurant owner Whitbread should be a 'buy' ahead of its full-year results, according to Galvan Research and Trading."Costa in particular is benefitting from the UK's apparently insatiable appetite for coffee shops, and with a clear strategy for growth providing plenty of visibility, Galvan Research believe that the current dip in the share price warrants an investor alert call to pick the stock up in the run up to the full-year results at the end of the month."Chemicals business Synthomer was trading firmly lower on Tuesday morning after JPMorgan Cazenove downgraded its rating on the stock from 'neutral' to 'underweight' after an "impressive" run over the last 12 months."We believe a combination of increasing competition, pricing pressure, heavy emerging market exposure and currencies will lead to downgrades in 2014," JPMorgan said.UBS has lowered its recommendation for pharmaceuticals group Hikma from 'buy' to 'neutral' on valuation grounds, saying that it is "time to take a pause and breathe" after the stock's recent performance."As the stock trades near our price target [1,700p] and as we see no reason in the short-term to increase our expectations, we feel the stock could be range bound and therefore downgrade to 'neutral'," the bank said.Investec has retained its 'sell' rating for South Africa platinum group metals (PGM) producer Lonmin and cut its target price from 278p to 258p, saying that ongoing strikes at the company's mines continue to undermine value.The broker said that it assumes the loss of a whole quarter of output for Lonmin and now expects the company to produce 614,000 ounces, down from a previous forecast of 786,000. It also said that the company could incur a $180m exceptional charge. However, it admitted that quantifying the strike's impact is "challenging with no end in sight".BC
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27 Jul 2023 10:34

IN BRIEF: Ocado Solutions CEO Jensen to depart; board member replaces

Ocado Group PLC - Hertfordshire-based online grocer and warehouse technology firm - Luke Jensen will step down as chief executive officer of Ocado Solutions on September 30, in order to focus on external non-executive director positions. Jensen has been CEO of Ocado Solutions since 2017. The division offers Ocado's grocery warehouse and delivery technology to other supermarkets.

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27 Jul 2023 08:15

Luke Jensen stepping down from Ocado Solutions

(Sharecast News) - Technology-driven online grocer Ocado Group announced the upcoming retirement of Luke Jensen, the current executive director and CEO of Ocado Solutions, on Thursday.

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24 Jul 2023 17:09

UK's FTSE 100 edges higher on gains in energy shares

Vodafone Group up after Q1 results

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24 Jul 2023 16:59

LONDON MARKET CLOSE: FTSE 100 shakes off weak PMI readings

(Alliance News) - Blue-chip European equities took confidence from a decent open in New York, despite some less-than-stellar PMI data darkening the mood earlier on Monday.

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24 Jul 2023 12:04

LONDON MARKET MIDDAY: China stimulus impatience keeps lid on sentiment

(Alliance News) - Equity prices in Europe were mixed heading into Monday afternoon, with a warning of the challenges facing the Chinese economy hurting investor sentiment at the start of a busy week of central banking action.

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24 Jul 2023 08:48

LONDON MARKET OPEN: Lower start with eyes on trio of rate decisions

(Alliance News) - Stock prices in London opened largely lower on Monday as markets looked ahead to a week of interest decisions from three major central banks.

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24 Jul 2023 07:51

LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

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24 Jul 2023 07:33

Ocado to receive £200m from AutoStore in patent dispute settlement

(Sharecast News) - UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over 'robot' patents.

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23 Jul 2023 09:51

Ocado to be paid GBP200m in deal to settle robot patent case

(Alliance News) - Online supermarket Ocado Group PLC is to be paid GBP200 million in a deal with Norwegian warehouse automation firm AutoStore AS, which accused it of breaching patents.

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22 Jul 2023 14:41

AutoStore and Ocado reach deal to settle patent litigation claims

July 22 (Reuters) - Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday.

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22 Jul 2023 13:58

AutoStore, Ocado settle all patent litigation claims

July 22 (Reuters) - AutoStore Holdings and Ocado Group have reached an agreement to settle all patent litigation claims between them, the two firms said on Saturday. (Reporting by Anirudh Saligrama in Bengaluru; editing by Jason Neely)

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21 Jul 2023 09:33

LONDON BROKER RATINGS: Jefferies raises Hargreaves Lansdown to 'buy'

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

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19 Jul 2023 09:17

LONDON BROKER RATINGS: Exane raises Segro; Goldman likes Aston Martin

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

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18 Jul 2023 17:27

European shares boosted by Novartis, telecom stocks slide

STOXX 600 up 0.6%, Swiss stocks outshine peers

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18 Jul 2023 17:04

UK stocks end higher on US bank earnings cheer, homebuilders rally

Homebuilders log best day in five months

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