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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)
(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.
Read more(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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(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.
Read more(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.
Read moreOcado 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.
Read more(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.
Read more(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.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more(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.
Read more(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.
Read more(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.
Read more(Alliance News) - Stock prices in London were sharply higher at midday on Tuesday, buoyed by comments from US Federal Reserve officials indicating that interest rate rises in the world's largest economy may be at an end.
Read more(Alliance News) - Stock prices in London opened higher on Tuesday morning as dovish words from two senior Federal Reserve officials on Monday outweighed geopolitical concerns around the current conflict in the Middle East.
Read more(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.
Read more(Alliance News) - RWS Holdings PLC on Monday confirmed the appointment of Julie Southern as independent non-executive chair, as anticipated in its late-July announcement.
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