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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

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Share Price: 373.80
Bid: 372.50
Ask: 373.00
Change: 0.00 (0.00%)
Spread: 0.50 (0.134%)
Open: 0.00
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Low: 0.00
Prev. Close: 373.80
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UK's FTSE 100 edges higher on gains in energy shares

Mon, 24th Jul 2023 17:09

Vodafone Group up after Q1 results

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Travel and leisure sector down on Ryanair's bearish forecast

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Ocado shines after company settles litigation with AutoStore

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Flash July PMI at 50.7 vs 52.8 in June

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FTSE 100 up 0.2%, FTSE 250 off 0.3%

July 24 (Reuters) - The UK's FTSE 100 edged higher on Monday supported by gains in energy stocks, while a jump in software firm Ocado Group offset losses in travel stocks as airlines lost ground after Ryanair flagged travel demand concerns.

The exporter-heavy FTSE 100 was up 0.2%, while the more domestically-focused FTSE 250 midcap index shed 0.3%.

Ocado Group jumped 14.3% after the online supermarket group and Norwegian robotics firm AutoStore reached a deal to settle patent litigation claims.

The travel and leisure sector lost 0.8% after Ryanair flagged caution around travel demand for the rest of the year as the industry bellwether cut its passenger growth forecast.

The airline was down 6.1% while peers Easyjet and Wizz Air Holdings were down 4.4% and 6.4%, respectively.

Heavyweight energy stocks gained 1.3% tracking higher crude prices, while industrial metal miners rose 0.8% on an anticipated stimulus from China.

Meanwhile, a survey showed Britain's private sector is growing at its weakest pace in six months in July as orders for businesses stagnate in the face of rising interest rates and still-high inflation.

"The good news from this otherwise somewhat depressing data is that the evidence of disinflation in the UK continues to gather," said Elizabeth Martins, senior economist at HSBC Global Research, in a note.

"With the two most important data points sending divergent messages - higher wages and lower inflation - it makes for a tough decision for Bank of England."

Following this data, sterling and British government bond yields fell as investors trimmed expectations for steep interest rate hikes but still see the UK central bank hiking rates by 25 bps next week.

Vodafone Group rose 4.1% after the company reported an acceleration in first-quarter revenue growth and said it appointed former SAP CFO Luka Mucic as its new finance chief.

Martin Sorrell's S4 Capital tumbled 21.2% after the company cut its annual revenue and margin outlook. (Reporting by Shashwat Chauhan and Khushi Singh in Bengaluru; Editing by Dhanya Ann Thoppil, Sonia Cheema and Sharon Singleton)

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29 Nov 2023 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

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28 Nov 2023 21:08

TRADING UPDATES: Tintra seeks cancelling shares; GCM extends accord

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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20 Nov 2023 10:12

LONDON BROKER RATINGS: Goldman likes StanChart; RBC raises Currys

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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15 Nov 2023 17:45

Ocado moves out of grocery retail with automated fulfilment tech deal

(Alliance News) - Ocado Group PLC on Wednesday said it has signed a deal for Ocado Intelligent Automation with McKesson Canada.

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15 Nov 2023 15:40

Ocado lands fulfiment technology deal with McKesson Canada, shares surge

(Sharecast News) - Ocado shares shot higher on Wednesday after it announced a deal to provide fulfilment technology to healthcare provider McKesson Canada.

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10 Nov 2023 16:53

LONDON MARKET CLOSE: Europe and New York diverge after hawkish Powell

(Alliance News) - Stocks in Europe suffered on Friday, as US interest rate worries cast a dark cloud over equity markets, though counterparts in New York had a more resilient start to the day.

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7 Nov 2023 09:53

TOP NEWS: UK grocery price inflation falls to single-digits

(Alliance News) - UK grocery price inflation dropped to an eight-month low of 9.7% in the four weeks to October 29, according to survey data from Kantar on Tuesday.

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2 Nov 2023 15:12

London close: Stocks rise as BoE keeps rates steady

(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.

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23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

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18 Oct 2023 17:12

IN BRIEF: Moody's affirms Ocado's B3 rating and stable outlook

Ocado Group PLC - Hatfield, England-based online grocer and warehouse technology firm - Moody's Investors Service affirms the company's B3 corporate family rating and its B2-PD probability of default rating. Outlook remains stable.

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16 Oct 2023 12:03

LONDON MARKET MIDDAY: Stocks mixed on conflict and US earnings nerves

(Alliance News) - Global markets got off to a muted start to the week, with tensions in the Middle East, and some trepidation ahead of US corporate earnings keeping a lid on equities.

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16 Oct 2023 10:24

Barclays downgrades Ocado, shares slide

(Sharecast News) - Ocado was under the cosh on Monday after Barclays downgraded shares of the online supermarket to 'underweight' from 'equalweight' and slashed the price target to 430p from 680p, pointing to a "particularly challenging" valuation.

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16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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16 Oct 2023 08:51

LONDON MARKET OPEN: Stocks steady as eyes on oil, Israel, US earnings

(Alliance News) - Stock prices in London made little headway at Monday's market open, as the prospect of escalation in the Middle East prompted investors to be cautious.

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16 Oct 2023 07:44

LONDON BRIEFING: Hipgnosis pulls interim dividend on lower royalties

(Alliance News) - The FTSE 100 is likely to open higher on Monday, benefitting from higher oil and gas prices, while fears of escalating regional conflict in the Middle East damp risk sentiment elsewhere.

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