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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: 311.40
Bid: 311.50
Ask: 312.20
Change: 1.40 (0.45%)
Spread: 0.70 (0.225%)
Open: 314.00
High: 323.30
Low: 305.60
Prev. Close: 310.00
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Earnings, retailers drag on index

Tue, 15th Nov 2022 09:25

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

EARNINGS, RETAILERS DRAG ON INDEX (0917 GMT)

The pan-European STOXX 600 is up 0.1% this morning, as a spate of less than impressive earnings drags on the index.

Vodafone shares, down 5.5%, are providing the biggest negative weight, after the European mobile operator cut its outlook citing a challenging economic backdrop.

But Danish medical device maker Ambu is the biggest loser on a percentage basis, down 14.2% after issuing a cautious outlook.

On a sector basis retailers are faring worst, down 1%, as supermarket Ocado saw shares drop as much as 11% in early trading while B&M shares fell 3.9%.

Utilities are the best performing on a sector basis, trading 0.9% higher as UK power generator Drax Group shares rise 4.5%. British Gas owner Centrica shares are also up 4.1% after the company launched a share buyback.

EUROPEAN FUTURES SIGNAL MIXED SESSION (0735 GMT)

FTSE futures are lagging the rest of Europe pre-open, trading virtually flat versus a 0.54% lift for STOXX futures and DAX futures.

Britain's unemployment rate rose to 3.6% in the three months to September - growing more than economists polled by Reuters, who had expected the jobless rate to remain at 3.5%.

Meanwhile earnings are still trickling through, and are a mixed bag today, with some key British companies reporting.

British commercial property firm Land Securities slumped to a half-year loss, as property valuations fell due to surging interest rates and inflation, while Vodafone cut its full-year free cash flow forecast and said earnings would come in towards the bottom of its range.

Britain's biggest defence company BAE Systems forecast more growth for 2023 and Germany's Infineon Technologies raised its long-term financial targets.

Beyond Europe, the latest data out of China has dampened the previously buoyant mood encouraged by signs that the world's second-largest economy may loosen some COVID-19 restrictions, which have hit factory output and retail sales.

More murky numbers came from Japan, where the economy unexpectedly shrank for the first time in a year in the third quarter.

Collapsed crypto exchange FTX released official bankruptcy filings earlier today.

LET'S TALK RATES AGAIN (0709 GMT)

Just as investors were starting to put aside worries of rate increases from the Federal Reserve, the narrative is again shifting to tighter U.S. monetary policy.

In Europe also, policy makers are reminding markets that as long as broad-based inflation is not tamed, rate increases are still on the agenda.

France's central bank chief said in a speech in Tokyo the European Central Bank will probably keep raising interest rates beyond 2%, but "jumbo" rate hikes will not become a new habit.

The comments came a day after Swiss National Bank Chairman Thomas Jordan issued another rate increase warning, saying it was likely the central bank will need to act again as inflation is set to remain elevated.

Tuesday's data calendar has jobs figures due from the United Kingdom along with euro zone third-quarter GDP numbers and Germany's ZEW sentiment index.

News from China was disappointing as data showed factory output grew more slowly than expected and retail sales unexpectedly dropped in October, suggesting the world's second-largest economy is losing momentum.

Still, investors seemed to pay more attention to the easing of tensions in U.S.-China relations after the heads of the world's top two economies met on the sidelines of the G20 Summit in Bali, Indonesia.

Asian stock markets advanced, with Chinese and Hong Kong shares - big underperformers so far this year - logging strong gains.

The dollar index was steady after it recovered on Monday from a three-month low struck on Friday.

Meanwhile, Donald Trump is expected to announce another White House bid on Tuesday even as Florida Governor Ron DeSantis is cementing himself as the Republican Party's top rising star.

Key developments that could influence markets on Tuesday:

Economic data: UK Sep jobs, Euro zone Q3 employment, GDP flash GDP, Germany ZEW sentiment index

U.S. data: NY Fed manufacturing index, Oct PPI data

Speakers: Federal Reserve Bank of Philadelphia President Patrick Harker

Earnings: Vodafone, Infineon Technologies, Walmart, Home Depot

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UK earnings, trading statements calendar - next 7 days

Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull Year Results
Tuesday 26 March 
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AG Barr PLCFull Year Results
Airea PLCFull Year Results
Bellway PLCHalf Year Results
CAB Payments Holdings PLCFull Year Results
CPPGroup PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Forterra PLCFull Year Results
Genel Energy PLCFull Year Results
GetBusy PLCFull Year Results
Good Energy Group PLCFull Year Results
Inspired PLCFull Year Results
John Wood Group PLCFull Year Results
Life Science REIT PLCFull Year Results
Luceco PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
NIOX Group PLCFull Year Results
Ocado Group PLCTrading Statement
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Regional REIT LtdFull Year Results
Smiths Group PLCHalf Year Results
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Time Finance PLCTrading Statement
TruFin PLCFull Year Results
WAG Payment Solutions PLCFull Year Results
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YouGov PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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