|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||3.83 - 3.83|
|52-week range||2.85 - 4.28|
|PE ratio (TTM)||166.52|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
British share indexes advanced on Tuesday as retail stocks gained and cyclical stocks also helped, with investors awaiting further signs of the direction of monetary policy. Britain's FTSE 100 ended the session up 0.3 percent at 7,275.25 points after a volatile start to trading as investors hesitated ahead of the Fed's two-day meeting starting later in the day.
Edward Sheldon looks at one of the most shorted companies on the London Stock Exchange and finds another too. Would he buy them?
British online grocer Ocado warned that additional investment in developing its distribution centres would increase short term costs, sending its shares lower. Founded by three former Goldman Sachs (NYSE: GS-PB - news) bankers in 2000, Ocado has divided analysts like few other stocks and the latest comments are only likely to fuel the debate. Advocates regard its home deliveries from giant distribution centres as the future of grocery shopping, but critics see a costly and complex venture that will not make sustained profits.
British online grocer Ocado has seen a pick-up in enquiries from U.S. supermarket groups interested in possible partnership deals in the wake of Amazon's $13.7 billion deal to buy Whole Foods, its boss said on Wednesday. Ocado Chief Executive Tim Steiner said Amazon's purchase of the upmarket grocer had made existing bricks and mortar supermarket players in the United States think harder about the competition they will be facing in the coming years. "Therefore we’ve seen increased interest in our (technology) solution from players in the U.S.," he said after Ocado reported a 2.7 percent rise in first half core earnings.
Ocado's profit before tax in the first six months of 2017 was down £1.7 million, due in part to the costs associated with opening new facilities to "meet increasing demand," such as the distribution centre in Andover. "After several years of price deflation in the UK, we have seen this begin to ease in the period and, when combined with our increasing scale and operational efficiencies, this trend will support the continued profitable growth of our retail business," said Tim Steiner, CEO of Ocado. "Ocado's first half earnings, issued this morning, are ever so slightly contradictory, with the company performing well in some instances but not so in others," said Jordan Hiscott, chief trader at ayondo markets.
British online retailer Ocado said on Wednesday it expected the international deal it secured last month to be the first of many as it reported a 2.7 percent rise in first-half core earnings. Ocado clinched the long-awaited first overseas deal with an as yet unnamed European retailer and shortly after raised about 350 million pounds ($452 million) from issuing bonds and changing its banking facilities. Ocado published results for the first 22 weeks of the period last month.
British milkmen could be a thing of the past in some areas if a trial of driverless grocery deliveries direct to your door by online retailer Ocado gets the green light. "It seemed like a really exciting experience", Tobie Cusson said of the CargoPod trial in South London, which involved choosing from a selection of healthy treats, a collection of movie night snacks or high-end coffee and chocolates. "I despise paying delivery fees when I order online so any types of technology that can reduce the cost of providing a delivery service are very attractive to me," Cusson added.
Ocado Group (Frankfurt: 0OC.F - news) is planning to sell a debut bond to fund its UK retail capacity and improvements to its proprietary platform. The UK online supermarket will meet investors over two-day meetings from Tuesday June 13 for a senior secured £200m seven-year non-call three-year deal. The announcement for the UK household name has already caught the market's attention.
Britain's Ocado plans to raise at least 350 million pounds ($446 million) from issuing bonds and making changes to its banking facilities, money that the online food retailer will use to expand capacity and develop software, it said on Monday. Ocado, which last week clinched a long awaited overseas deal with an as yet unnamed European retailer, also published its results for the 22 weeks to April 30, showing a strong increase in sales. Gross retail sales were up by almost a quarter to 600 million pounds, earnings before interest, tax, depreciation and amortisation (EBITDA) increased 20.5 percent to 37.6 million pounds while pretax profit rose 45.7 percent to 6.7 million pounds.
British shares were on the back foot on Monday with a general election looming and some tourism-related shares dented after an attack in London on Saturday (Shenzhen: 002291.SZ - news) . The blue-chip FTSE 100 index ended the day 0.3 percent lower, falling back from the record high it touched on Friday. A parliamentary election on Thursday was looking more uncertain as some polls suggested Prime Minister Theresa May's Conservative Party was not certain to win a majority.
Online supermarket Ocado's share price fell on Monday despite the company announcing its first international deal. Ocado's shares initially rose by 7% in early hours trading on Monday but turned negative by late afternoon, closing down more than 1%. Ocado first announced plans to sign an international deal back in 2015, promising progress by the end of the year.
British online supermarket Ocado has struck an overseas deal with an unnamed regional European retailer, a year and a half after missing a self-imposed deadline to secure one. Partnerships with retailers overseas are seen by analysts as the key influence on Ocado's stock market valuation. Ocado said on Sunday it will provide the partner, which it did not name, with software, know-how and support services required to create an online grocery business.
Marks & Spencer could do deal with Ocado for online groceries;Amazon and Waitrose could be hurdles to a deal, Credit Suisse says; Analysts think Ocado could make up to £4 million from a deal, impact for M&S limited.Marks & Spencer could do a deal with Ocado for online food delivery, according to reports.
European shares headed for their third straight month of gains on Tuesday, underpinned by a rally in British online supermarket Ocado and Swedish engineer Alfa Laval after encouraging earnings updates. ...