Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 311.40
Bid: 311.50
Ask: 312.20
Change: 1.40 (0.45%)
Spread: 0.70 (0.225%)
Open: 314.00
High: 323.30
Low: 305.60
Prev. Close: 310.00
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Weak pound boosts exporters in FTSE 100; Ocado extends rally

Mon, 14th Nov 2022 17:29

Indivior up on deal to buy Opiant Pharma

*

Informa lifts annual earnings view as demand improves

*

UK budget, due later in the week, in focus

*

FTSE 100 up 0.9%, FTSE 250 flat

Nov 14 (Reuters) -

The UK's export-oriented FTSE 100 climbed on Monday supported by a weaker pound as traders braced for the government's fiscal statement later this week and with a stronger dollar weighing on the British currency.

The FTSE 100 closed 0.9% higher, with Ocado Group up 14% and leading gains.

"Ocado saw the largest drop in short interest in October, helping the stock extend recent gains," said Victoria Scholar, head of investment at Interactive Investor.

Shares of the online supermarket and technology group have surged this month after it entered South Korea through a partnership deal with Lotte Shopping, Scholar added.

"The stock is now up more than 90% and is at the top of the FTSE 100 today as investors turn bullish on the supermarket technology business," she added.

Weakness in the pound against a strong dollar boosted export-oriented companies such as Unilever and British American Tobacco.

Sterling fell ahead of British Chancellor Jeremy Hunt's autumn statement on Thursday, when he is expected to set out tax rises and spending cuts.

"The UK government is still on a report card, being closely monitored after the perceived economic bad behaviour of the short-lived (Liz) Truss administration," said Susannah Streeter, markets analyst at Hargreaves Lansdown.

"That's why Prime Minister Rishi Sunak and his Chancellor Hunt have been priming the nation this weekend to expect widespread tax increases, and a cut back of spending in the Autumn Statement."

Informa Plc jumped 5.8% on raising its full-year earnings outlook, pushing the broader FTSE 350 media index 1.5% higher.

Indivior gained 2.4% after it said it would acquire Opiant Pharmaceuticals for approximately $145 million in cash. The broader healthcare index was up 2.5%.

British miners added 0.6% as copper prices jumped on the Chinese government offering support to its battered property sector, which consumes a vast amount of metals.

The domestically-focused FTSE 250 midcap index was subdued by the close after marking its biggest weekly gain in almost two years on Friday. (Reporting by Shashwat Chauhan and Bansari Mayur Kamdar in Bengaluru; editing by Uttaresh.V and Ken Ferris)

More News
Today 16:17

London close: Stocks fall as UK service sector slows

(Sharecast News) - London stocks ended the week on a negative note after data revealed an unexpected slowdown in the UK service sector's growth for June.

Read more
20 Jun 2024 17:04

LONDON MARKET CLOSE: European markets rise as BoE leaves rates

(Alliance News) - Stock prices in London closed mostly higher on Thursday after the Bank of England left its interest rates unchanged, a day after inflation cooled to the central bank's target.

Read more
20 Jun 2024 16:16

London close: Stocks rise as BoE holds interest rates

(Sharecast News) - London stocks ended Thursday on a positive note following the Bank of England's decision to maintain interest rates, aligning with market expectations despite the backdrop of decreasing inflation.

Read more
20 Jun 2024 15:25

Ocado's shares hit as Canadian partner Sobeys pauses warehouse opening

Sobeys won't open robotic warehouse in Vancouver in 2025

*

Read more
20 Jun 2024 12:44

Ocado tanks as Canadian partner Sobeys pauses go-live of Vancouver CFC

(Sharecast News) - Ocado tumbled on Thursday as it said the planned launch of North American partner Sobeys' customer fulfilment centre in Vancouver had been paused and that the two have agreed to end terms related to mutual exclusivity.

Read more
20 Jun 2024 12:36

Ocado and Sobeys pause go-live, plans to focus on existing network

(Alliance News) - Ocado Group PLC shares dropped on Thursday as the firm said it will, alongside Sobeys Inc, focus their joint resources into driving order and sales volumes across the current network instead of proceeding with plans for a new 'fulfilment centre'.

Read more
18 Jun 2024 16:33

London close: Stocks manage a positive finish

(Sharecast News) - London stocks closed on a high note on Tuesday, buoyed by strong performances from key sectors and a notable rise in Whitbread shares following positive first-quarter results.

Read more
18 Jun 2024 09:42

Wet weather sees slowdown in grocery sales

(Sharecast News) - Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1.0% over the four weeks to 9 June.

Read more
18 Jun 2024 08:36

TOP NEWS: Food price inflation falls in June on wet spring weather

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

Read more
18 Jun 2024 08:00

UK grocery inflation edges lower again ahead of election, Kantar says

*
Kantar: Grocery inflation at 2.1% in 4 weeks to June 9

Read more
5 Jun 2024 20:17

TOP NEWS: Ocado checks out of FTSE 100 as Vistry and Darktrace join

(Alliance News) - Ocado Group PLC has been relegated from the FTSE 100 in the latest quarterly reshuffle which sees promotions for technology firm Darktrace PLC, housebuilder Vistry Group PLC and property company LondonMetric Property PLC.

Read more
31 May 2024 09:35

Short-lived sunny spell helps boost UK supermarkets

(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.

Read more
31 May 2024 08:00

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ

*

Read more
30 May 2024 17:24

London stocks recover as yields retreat; Auto Trader hits record high

FTSE 100 up 0.6%; FTSE 250 climbs 1.2%

*

Read more
29 May 2024 17:08

London stocks fall as rate cut jitters weigh, Anglo rejects BHP

FTSE 100 down 0.9%; FTSE 250 sheds 1.3%

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account