Ocado Share News (OCDO)

- 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 updatetechMARK 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 outweighed a decent performance by mining stocks on Tuesday, as another round of profit-taking followed the recent rally.Meanwhile, data showing an unexpected contraction in UK industrial production was also dampening sentiment.After the FTSE 100 came within touching distance of a multi-year high on Friday following a strong US jobs report, investors have used the last two sessions to scale back risk appetite.By midday, London's benchmark index was down 0.5% at 6,791.UK industrial production fell by 0.7% over the month in May, according to the Office for National Statistics, on the back of weaker demand from overseas as well as the headwind of a strengthening pound. Consensus forecasts were for a rise of 0.3% month-on-month.Traders were also showing caution ahead of the minutes of the latest Federal Reserve meeting, due out tomorrow, following recent moves by economists to bring forward their projections for the first increase in interest rates.Meanwhile, results from aluminium giant Alcoa due out later this evening will unofficially kick off second-quarter earnings-reporting season in the States, giving investors another reason to tread carefully today.Consensus forecasts peg profits at companies on the S&P 500 rising by around 5% in the three months to June. However, with US indices already trading close to record highs, analysts are concerned that any 'miss' could result in a big correction.Airlines, retailers fallAirline stocks IAG and easyJet were falling sharply this morning as European peer Air France-KLM cut its profit guidance for the year. In comments similar to those made by Deutsche Lufthansa, the French-Dutch airline said that overcapacity on long-haul flights was having an impact on profitability. Travel groups TUI Travel and Thomas Cook were also in the red today.Marks & Spencer erased early gains to trade lower as investors responded to a mixed first-quarter update and this morning's annual general meeting. While the high street department store chain blamed a drop in UK like-for-like sales on the impact of its new website and fewer promotions, it expressed confidence in improving trends in clothing, particularly womenswear.Other retailers were also under pressure particularly in the online sector, with Just Eat, Ocado and AO World suffering steep falls. Mining stocks were mostly higher this morning including Rio Tinto among the best performers on the FTSE 100 after Morgan Stanley lifted its target prices for the stock. Other miners such as Fresnillo and Glencore were also making gains.Meanwhile, asset manager Aberdeen rose after HSBC upped the stock to 'overweight'.Housebuilder Bovis Homes underwhelmed despite saying that first-half profits would be "materially" higher year-on-year after it increased the number of homes it built by 54%, which was slower than the first four months of the year.Shares in AIM-listed mobile payments group Monitise sank sharply after the company issued a profit warning, admitting that annual revenue growth of 31-33% has not been as strong as expected. As such, it now forecasts an operating loss of £32-36m for the year, compared with the current consensus estimate of £28m.FTSE 100 - RisersGlencore (GLEN) 346.25p +1.09%Rio Tinto (RIO) 3,290.50p +0.86%Fresnillo (FRES) 935.00p +0.86%Aberdeen Asset Management (ADN) 459.90p +0.61%Friends Life Group Limited (FLG) 321.40p +0.50%Admiral Group (ADM) 1,579.00p +0.45%Prudential (PRU) 1,384.00p +0.44%InterContinental Hotels Group (IHG) 2,444.00p +0.41%Experian (EXPN) 1,010.00p +0.40%Rolls-Royce Holdings (RR.) 1,061.00p +0.38%FTSE 100 - FallersInternational Consolidated Airlines Group SA (CDI) (IAG) 345.40p -4.37%Hargreaves Lansdown (HL.) 1,198.00p -3.46%easyJet (EZJ) 1,290.00p -2.64%GKN (GKN) 357.20p -2.30%TUI Travel (TT.) 381.00p -2.13%Johnson Matthey (JMAT) 3,104.00p -2.11%ITV (ITV) 178.20p -1.98%Sports Direct International (SPD) 730.00p -1.95%Kingfisher (KGF) 344.20p -1.94%ARM Holdings (ARM) 886.00p -1.83%FTSE 250 - RisersDebenhams (DEB) 67.85p +2.49%Workspace Group (WKP) 602.50p +2.12%Pets at Home Group (PETS) 187.40p +1.85%Catlin Group Ltd. (CGL) 550.50p +1.29%Evraz (EVR) 99.05p +1.28%Dignity (DTY) 1,372.00p +1.25%African Barrick Gold (ABG) 224.30p +1.13%AL Noor Hospitals Group (ANH) 989.50p +0.76%Bellway (BWY) 1,542.00p +0.72%Cineworld Group (CINE) 355.20p +0.71%FTSE 250 - FallersJust Eat (JE.) 240.00p -6.90%SIG (SHI) 183.20p -5.08%Ocado Group (OCDO) 397.20p -5.00%Hochschild Mining (HOC) 164.70p -4.66%Thomas Cook Group (TCG) 128.80p -4.10%Keller Group (KLR) 919.50p -3.67%Ladbrokes (LAD) 135.10p -3.57%Regus (RGU) 176.50p -3.55%Grafton Group Units (GFTU) 577.00p -3.51%Computacenter (CCC) 626.50p -3.47%BC