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BUZZ-Ocado: choppy morning after results

Tue, 03rd Feb 2015 10:04

** Online grocer Ocado breaks higher & just shy of7-mth highs, after brief stint in negative territory

** Stock, up 4.4 pct, on course for best 1-day pct move inaround a month, in relatively robust volumes

** Co posts 1st annual profit, in move flagged by press inresults run-up, as it targets its 1st overseas 3rd-party deal in2015

** Barclays says capex guidance which, at about 150 mlnpounds in 2015, is higher than the broker's forecast, whileEBITDA expectations appear light

** But Barclays sees willingness to short the stockdiminishing given co's clearer optimism over deal being signed.10th most shorted on FTSE 250, with around 8 pct ofshares on loan, Markit data shows

(RM: tricia.wright1.thomsonreuters.com@reuters.net)

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