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LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
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Share Price Information for Ocado (OCDO)
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Share Price:
350.00
Bid:
348.10
Ask:
348.40
Change:
6.90 (2.01%)
Spread:
0.30 (0.086%)
Open:
344.20
High:
350.00
Low:
340.90
Prev. Close:
343.10
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Don't have an account? Click here to register.Shore Capital cautious on UK grocers as price war intensifies
Tue, 08th Apr 2014 10:33
The outlook for profits across the UK grocery sector is 'highly constrained', according to Shore Capital, which raised concerns about rising pricing contagion.The broker has 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. "That weak demand from economic pressure on household budgets is exacerbated by processes such as ongoing management of food waste, the desire to shop more frequently and locally, a step up in eating out and channel shift online, especially in non-food."They highlighted moves by some of the major players in the industry over the last month to cut prices on certain products, such as milk, butter and eggs.Shore has kept a cautious stance on the sector, saying that without strengthening demand and a stabilisation of the pricing environment, "the earnings outlook for UK-listed supermarkets appears highly constrained".Tesco was trading 1.1% lower on Tuesday morning, Morrison was down 1%, while Ocado had fallen 3.7%.BC
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26 Mar 2024 09:29
Ocado, M&S still talking over final Ocado Retail payment, says jv CEO
LONDON, March 26 (Reuters) -
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Ocado, M&S still talking over final payment for Ocado Retail JV-CEO
LONDON, March 26 (Reuters) - Conversations between Ocado and Marks & Spencer over the final payment for the pair's Ocado Retail joint venture are ongoing, said Ocado Retail's chief executive Hannah Gibson. (Reporting by James Davey; Editing by Kate Holton)
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TOP NEWS: Grocery inflation hits 2-year low while sales get Easter boost
(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.
Read more26 Mar 2024 08:00
British grocery price inflation slows to 4.5%, Kantar says
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UK grocery inflation at lowest level since Feb. 2022 -Kantar
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26 Mar 2024 07:22
Ocado Retail sees strong first-quarter growth
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Read more26 Mar 2024 07:03
Ocado Retail quarterly sales up 10.6% as it wins more customers
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