Ocado Share News (OCDO)

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Ocado, up 5.7%. The online grocer said its interim loss deepened due to the effects of a warehouse fire in Hampshire, but it continues to experience healthy sales growth amid "strong" demand. For the six months ended June 3, pretax loss widened dramatically to GBP142.8 million from just GBP13.6 million a year prior. This was despite revenue rising 11% to GBP882.3 million from GBP795.3 million, as retail revenue grew 10% to GBP811.5 million from GBP736.6 million. Profit performance was primarily hurt by GBP100.6 million in exceptional administrative costs during the period. This was largely the write down of property, plant and equipment following a fire at Ocado's Andover warehouse. Ocado retained its current second half guidance. "Ocado is investing heavily in tech engineers to ensure the business remains one step ahead, and it is also ploughing money into innovation to remain competitive. This includes buying stakes in third party businesses involved in automated meal preparation and vertical farming. All of these actions suggest Ocado is on the right path to achieve its bold growth ambitions," commented AJ Bell's Russ Mould. ----------FTSE 100 - LOSERS----------Just Eat, down 3.8%. Berenberg downgraded the online takeaway platform to Hold from Buy.----------Glencore, down 2.4%. Societe Generale cut the commodities house to Hold from Buy.----------FTSE 250 - WINNERS----------Intu Properties, up 1.2%. The shopping mall operator said it plans to open up to 1,000 new homes next to its Lakeside shopping centre in Essex, eastern England. The company said early designs for the development includes public and private open spaces, lifestyle facilities and design feature integrated with the Lakeside centre. Intu said that it will present development proposals and full public consultation in "the coming months". Additionally, Intu said it has completed the establishment of a joint venture over the Intu Derby shopping centre with Cale Street Investments. The joint venture was first agreed to in April, which will see Cale Street, an investment firm backed by the Kuwait Investment Office, acquire a 50% interest in the site. The transaction was subject to several conditions, including senior debt financing of the centre, which have been completed.----------FTSE 250 - LOSERS----------RHI Magnesita, down 3.8% at 4,732.00 pence. GP Investments sold 2.2 million shares in refractory products maker RHI at a price of 4,600 pence each, in a deal worth around GBP100 million. The shares are worth 4.4% of RHI's share capital, and represent half of the original stake held by GP Investments.----------OTHER MAIN MARKET AND AIM - WINNERS----------Anglo African Agriculture, up 25%. The agriculture-focused investment company said Comarco Group has been given permission to designate its Mombasa facility as a private port. On June 10, Anglo African Agriculture agreed to acquire a number of Comarco companies based in Kenya and involved in marine logistics. Should the deal go ahead, Anglo African Agriculture will issue USD30 million in new shares as consideration and current shareholders in Anglo African Agriculture will have a minority interest of less than 5% in the enlarged company. Since the acquisition proposal was announced, Comarco has obtained consent from the Kenya Revenue Authority to make the Mombasa port into a private port, which Anglo African Agriculture believes "will open up considerable business opportunities for the Comarco Group in future" as Comarco will be able to consolidate and expand port operations into a wider user base, having previously been limited to exports only as it had been registered as an export processing zone. In line with this new status, Comarco has signed a one year 500,000 million tonne iron ore export contract with Samruddha Kenya and finalised a six month 200,000 tonne iron ore export contract with RK Sanghani.----------OTHER MAIN MARKET AND AIM - LOSERS----------Trafalgar Property, down 36%. The property firm said it has not been able to secure full funding to acquire a 1.3 acre assisted living development site in Camberley, Surrey in the required timeframe. Despite negotiations with lending institutions taking place, terms could not be definitely agreed before the deadline on Tuesday, which had been required to complete the acquisition of the site. As a result, Trafalgar Property has how lost its non-refundable deposit of GBP230,000 on the exchange of contracts. In late June, Trafalgar said it had secured a potential offer for bridge funding for the GBP2.3 million acquisition of the Camberley site, since negotiations with lenders were "taking longer to finalise than expected." Looking ahead, Trafalgar said it remains focused on its retirement home strategy, with planning lodged for its Epsom and Ashtead scheme and expectations of submitting planning for its Send Barns scheme later this week.----------