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Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 352.00
Bid: 351.10
Ask: 351.80
Change: -3.00 (-0.85%)
Spread: 0.70 (0.199%)
Open: 353.70
High: 361.60
Low: 351.20
Prev. Close: 355.00
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UPDATE 2-UK's FTSE 100 closes flat as virus woes offset healthcare boost

Wed, 06th May 2020 09:14

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)

* FTSE 100 up 0.1%, FTSE 250 down 0.7%

* Healthcare stocks jump to hover near record high

* Direct Line gains as motor insurance claims drop

* Ocado jumps as home delivery demand boosts retail sales
(Updates with market closing)

By Devik Jain and Sagarika Jaisinghani

May 6 (Reuters) - London's FTSE 100 closed nearly flat on
Wednesday as record gains for healthcare stocks offset growing
evidence of the economic damage from the COVID-19 pandemic and
escalating U.S.-China tensions.

The blue-chip index rose just 0.1%, with drugmaker
AstraZeneca Plc providing the biggest boost after it won
U.S. approval for its diabetes drug as a treatment for heart
failure.

The wider pharma & biotech index rose 2.9% to
touch a record high.

The domestically focussed midcap stocks fell 0.7%
along with broader European equities as worrying economic data
and doubts about the easing of lockdowns weighed on investors'
mood.

Data released earlier showed Britain's construction sector
in April suffered by far its biggest contraction since the
launch of a survey of the industry 23 years ago as the lockdown
shuttered building sites and suppliers.

The British government is expected to lay out plans to relax
coronavirus-induced restrictions on Sunday, Prime Minister
Boris Johnson said, adding that he hopes some measures could
come into force the next day.

"At the moment, it can be said that the pandemic has been
brought under control to some extent, although the way back to
normal life is likely to be a very long one," said Milan
Cutkovic, market analyst at AxiCorp.

Mall operator Hammerson Plc plunged 14.3% to the
bottom of the midcap index after saying it had terminated its
400 million pound ($497.20 million) deal to sell seven retail
parks to private equity firm Orion.

Shares in other real estate firms, including Derwent London
, Land Securities and Intu Properties,
fell between 2.9% and 3.4%.

Oil companies, banks and travel stocks were among the
biggest drags on the blue-chip index.

The FTSE 100 kicked off May on a dour note last week
following a strong rebound in April as investors feared the halt
in business activity due had pushed the global economy into a
deep recession.

The scale of damage will become evident when the Bank of
England publishes its quarterly projections after the monetary
policy meeting on Thursday, although policymakers are expected
to refrain from further action after they cut interest rates to
a record low in March.

Simmering U.S.-China tensions also added to the downbeat
mood after U.S. President Donald Trump urged China to be
transparent about the origins of the coronavirus.

Among gainers, online supermarket Ocado jumped 5.6%
after saying that its retail revenue soared 40.4% year-on-year
so far in the current quarter on higher demand for home
deliveries.

British broadcaster ITV tacked on 3% after
announcing cost-cutting plans even as its ad revenue plunged 42%
due to coronavirus crisis.

Car insurer Direct Line Insurance Group Plc rose
4.5% after it reported a 70% drop in motor insurance claims for
April as lockdown kept cars off roads.
(Reporting by Devik Jain, Sagarika Jaisinghani and Sruthi
Shankar in Bengaluru; Editing by Anil D'Silva and Nick
Zieminski)

More News
Today 10:08

M&S doubles down on refusal of final payment for Ocado Retail

LONDON, May 22 (Reuters) - Marks & Spencer reiterated its position on Wednesday that it does not have to make a final payment to Ocado Group for its share of the Ocado Retail online supermarket joint venture.

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TOP NEWS: Food price inflation at lowest level since October 2021

(Alliance News) - Food price inflation fell for the fifteenth month in a row while sales ticked higher, figures on Tuesday showed.

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UK grocery price inflation falls to 2.4%, says Kantar

*
Grocery inflation at lowest level since Oct 2021

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

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

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LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

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

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FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

*

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2 May 2024 08:00

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Read more
29 Apr 2024 17:13

Ocado pay policy opposed by 19% of votes cast at annual meeting

LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).

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24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

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23 Apr 2024 17:12

UK's FTSE 100 hits record peak; Associated British Foods surges

Associated British Foods jumps after forecasting growth

*

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23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

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23 Apr 2024 08:57

Shoppers clamber for deals as grocery inflation slows further

(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.

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23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

Read more

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