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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 321.10
Bid: 320.40
Ask: 321.30
Change: 11.10 (3.58%)
Spread: 0.90 (0.281%)
Open: 314.00
High: 323.30
Low: 313.70
Prev. Close: 310.00
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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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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18 Jul 2023 16:49

LONDON MARKET CLOSE: Stocks upbeat ahead of key UK inflation print

(Alliance News) - Stocks in London ended firmly in the green on Tuesday, with the FTSE 100 lifted by a strong performance from housebuilding stocks and a very well-received update from online grocer and warehouse technology firm Ocado.

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18 Jul 2023 11:58

LONDON MARKET MIDDAY: Ocado leads way but FTSE 100 flat

(Alliance News) - London's FTSE 100 was ever-so-slightly higher heading into Tuesday afternoon, supported by gains for housebuilding stocks on hope UK inflation is easing, and grocer Ocado.

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18 Jul 2023 11:38

ShoreCap 'palpably cautious' when it comes to Ocado

(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it caming to valuing the business.

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18 Jul 2023 10:33

Ocado jumps on return to first-half underlying profit

First-half underlying profit 16.6 mln stg

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18 Jul 2023 09:34

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.

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18 Jul 2023 09:09

TOP NEWS: UK grocery price inflation ebbs at fastest pace since peak

(Alliance News) - UK grocery price inflation calmed once again, market research from Kantar showed on Tuesday, while supermarket sales got a boost from more summer staples such as hay fever medication and strawberries moving through the tills.

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