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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: 360.30
Bid: 360.10
Ask: 360.40
Change: 0.30 (0.08%)
Spread: 0.30 (0.083%)
Open: 359.10
High: 363.70
Low: 357.80
Prev. Close: 360.00
OCDO Live PriceLast checked at -

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European shares end higher on financials boost; Rubis shimmers

Tue, 26th Mar 2024 17:20

Flutter rises on upbeat forecast

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Atos falls on record net loss

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BNP Paribas up after Goldman Sachs says "buy"

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STOXX 600 up 0.2%

March 26 (Reuters) -

Europe's STOXX 600 ended a choppy session at a record closing high on Tuesday, driven primarily by banks, while French liquid products distributor Rubis marked its best day in over three decades.

The continent-wide index closed up 0.2% at 511.09, with the euro zone focused STOXXE index up 0.4%.

The benchmark index was on course to end a second straight quarter with gains in the holiday-shortened week, up 6.7% so far, underscored by central bankers signalling rate cuts this year and a surge in tech stocks due to excitement over artificial intelligence.

"Despite more cautious messages by other ECB members in the past few days, there are clear indications that the Bank is prepared to cut rates this summer and that June remains the most likely meeting," analysts at ING said in a note.

Trader bets for a 25 basis point interest rate cut by the European Central Bank in June stand at 60%.

On the day, lenders were the biggest boost to the STOXX 600, up 1.0%, driven by a 1.0% gain in BNP Paribas after brokerage Goldman Sachs upgraded the French lender to "buy" from "neutral".

Meanwhile, a survey showed German consumer sentiment is expected to stay on its path of slow recovery in April as fewer households felt the need to save even as uncertainty about Germany's economic development looms.

The German DAX 40 index ended 0.7% higher, while the French benchmark index added 0.4%.

France's Rubis soared 12.5% after Vincent Bolloré increased stake in the liquid products distributor to over 5%, through the businessman's firm Plantations des Terres Rouges. The broader retail sector rose 1.6%.

Travel and leisure stocks climbed 0.7%, helped by a 1.1% rise in Flutter as the online betting firm said it expects to increase its core profit by around 30% this year.

Ocado added 3.2% after the British online supermarket's joint venture Ocado Retail kept its forecasts for the year as it reported a 10.6% increase in first-quarter revenue, reflecting growth in customer numbers.

ASOS

jumped 9.4% after the British online fashion retailer said its cash flow in the first half of the year improved due to better profitability and clearance of aged stock.

European markets will be closed on Friday and Monday for Easter holidays. (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips, Eileen Soreng and Deepa Babington)

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(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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16 Jan 2024 07:16

Ocado forecasts return to FY positive core earnings as sales rise

(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.

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16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

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15 Jan 2024 15:37

London close: Stocks mixed on relatively quiet Monday

(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.

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10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

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5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

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3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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19 Dec 2023 07:00

Not just for Christmas: Britain's M&S targets more regular food shoppers

M&S food shopper numbers jump at Christmas

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14 Dec 2023 17:19

UK's FTSE 100 hits 12-week high, but trims gains after BoE rates pushback

BoE holds rates at 5.25%

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Read more
14 Dec 2023 16:40

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.

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14 Dec 2023 13:03

Broker tips: Compass, Marston's, Ocado, Hochschild

(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.

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14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

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14 Dec 2023 09:57

Ocado shares jump but Goldman sees little upside

(Sharecast News) - Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.

Read more

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