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Tue, 28th Mar 2023 07:08
LONDON, March 28 (Reuters) - British online supermarket Ocado Retail said revenue rose 3.4% in its fiscal first quarter and it maintained its financial guidance for the year.
The business, a 50/50 joint venture between Ocado Group and Marks & Spencer, said on Tuesday retail revenue in the 13 weeks to Feb. 26 was 584 million pounds ($719 million), up from 565 million pounds in the same period last year. ($1 = 0.8120 pounds) (Reporting by James Davey; Editing by Kate Holton)
(Sharecast News) - Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.
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(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.
Read more(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read moreFlutter rises on upbeat forecast
*Read more(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.
Read morePetershill Partners up on mulling share buyback plan
*Read more(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.
Read more(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.
Read moreLONDON, March 26 (Reuters) -
Read more(Alliance News) - Ocado Retail Ltd on Tuesday said sales had grown strongly at the start of 2024 boosted by a broader product range and price cuts.
Read more(Alliance News) - Stock prices in London opened lower on Tuesday as a slow start to the week continues, with investors having simmering global tensions to be mindful of.
Read moreLONDON, 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)
Read more(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.
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