Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video 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
16 Jan 2024 08:26

Britain's Ocado Retail returns to positive earnings in 2022/23 year

Q4 2022/23 revenue up 10.9%

*

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
16 Jan 2024 07:16

Ocado forecasts return to FY positive core earnings as sales rise

(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.

Read more
16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

Read more
15 Jan 2024 15:37

London close: Stocks mixed on relatively quiet Monday

(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.

Read more
10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

Read more
5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

*

Read more
3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

Read more
20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

Read more
19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

Read more
19 Dec 2023 07:00

Not just for Christmas: Britain's M&S targets more regular food shoppers

M&S food shopper numbers jump at Christmas

*

Read more
14 Dec 2023 17:19

UK's FTSE 100 hits 12-week high, but trims gains after BoE rates pushback

BoE holds rates at 5.25%

*

Read more
14 Dec 2023 16:40

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.

Read more
14 Dec 2023 13:03

Broker tips: Compass, Marston's, Ocado, Hochschild

(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.

Read more
14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

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

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