Sainsbury's badly lags rivals, adding to woes ahead of results
Latest supermarket sector figures showed growth for all big names except Sainsbury's
Company
Ocado Group PLC
LON:OCDO
Ocado was launched in partnership with Waitrose in January 2002, and delivers quality groceries across selected areas of England and Wales. Our business was conceived with one simple objective in mind: to offer busy people a true alternative to going to the supermarket every week. By doing this, we created a totally new shopping experience, built entirely around our customers’ needs. By fulfilling orders from a dedicated warehouse, we can show virtually live inventory on our webshop, enabling customers to choose from a range of groceries that are actually in stock. By using unique logistics software and satellite navigation systems in our vans, we strive to deliver the right goods at the right time.
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Ocado fire probe finds robot set alight by battery fault
Andover was one of two Ocado warehouses almost entirely operated by robots
HSBC cuts Ocado as it thinks while risk has shifted to customers after recent deals, they have not been completely eliminated
While Ocado has lowered its direct exposure to the Grocery Home Delivery model through its recently announced joint venture with M&S, it has not changed the fundamental economics which HSBC believes are challenged
Marks & Spencer weak as Credit Suisse cuts its rating to ‘underperform’ from ‘neutral’
The Swiss bank lowered its earnings per share forecasts for the FTSE 100-listed firm by 16% and 27% for 2019 and 2020, respectively, with risks to the downside
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FTSE 100 ends flat as the market awaits the outcome of EU leaders emergency meeting on Brexit
The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
Ocado shares rise as Andover warehouse fire has smaller-than-expected impact on revenue
“The fire has been a setback, but it will be only a temporary one,” said chef executive Tim Steiner
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FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
M&S to open superstores that stock full food range ahead of online delivery launch with Ocado
M&S will open new superstores that offer its full range of food to bring in families for their big weekly grocery shop
M&S and Ocado cost savings key to making tie-up more attractive, says RBC Capital
RBC revised its target prices on Marks & Spencer and Ocado shares but maintained a 'sector perform' on the stocks
Jefferies cuts Marks & Spencer to ‘hold’ from ‘buy’ on concerns over Ocado jv plans
The US broker's analysts said: “We are of the view that the £70mln of EBITDA synergy ambitions underpinning the deal rationale may prove rather difficult to deliver in full”
As M&S and ITV unveil tie-in deals, is the plug-and-play/consolidation model becoming the default catch-up method for digital?
With M&S choosing to anchor itself to online grocer Ocado and ITV and the BBC pooling their efforts in online streaming, have tie-ins and consolidation become the best strategy to ward off the surge in digital competition?
M&S set for big rights issue, divi cut to fund online grocery joint venture with Ocado
M&S intends to conduct a rights issue to raise up to £600mln, which will be launched in due course, and which is fully underwritten on a standby basis by Morgan Stanley
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
Ocado and M&S confirm talks regarding joint venture
The two firms confirmed the talks in separate announcements, just weeks after Ocado boss Tim Steiner had stayed tight-lipped on speculation of a possible tie-up following newspaper reports in January
Ocado shares drop as it warns fire at Andover warehouse will hit sales
Following the news of the fire, Peel Hunt downgraded its recommendation to ‘hold’ from ‘buy’ and slashed its target price to 1,000p from 1,700p
Ocado blames 'operational issues' as fire at Andover warehouse disrupts grocery deliveries
Firefighters are still battling the fire, which started early Tuesday
Ocado earnings drop in 2018 as it invests in technology and warehouses
Ocado expects operating costs of £15mln-£20mln in 2019 to dent earnings
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FTSE 100 closes convincingly higher; BP top gainer
The UK's premier share index closed up over 143 points higher at 7,177
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BP's finals to deliver “good year-on-year progress", plus strong growth in headline cash flow
Aside from BP's full-year results, the Day Ahead will also include an update from FTSE 100-listed online grocer Ocado PLC and from mid-cap real estate firm St Modwen Properties
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Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Ocado said to be considering replacing Waitrose with M&S as key grocery supplier
Ocado and M&S have held “secret talks” over the past few weeks about launching a food delivery service, the Mail of Sunday reported
Investments and investor services
FTSE 100 closes lower as trade worries dent global equities; Ocado top Footsie gainer
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic
Investments and investor services
FTSE 100: The good, the BATS and the Ocado in 2018
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
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FTSE 100 closes lower as US sinks with Santa rally looking a vague memory
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
Ocado shares gain as quarterly update gets analysts' nod of approval
“Although in many respects 2018 has been a transformative year for Ocado, the story has only just begun,” chief executive Tim Steiner said
Investments and investor services
FTSE 100 reverses into close to finish lower as ECB ends QE stimulus program
FTSE 100 closed the day down; Mid-cap cousin FTSE 250 was also off - down over 170 points
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Can Sports Direct avoid the high street gloom when it updates the market on Thursday
Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.
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All eyes on UK parliament as Brexit deal circus reaches final act
Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
Kroger chooses Cincinnati hometown for the first high-tech warehouses it plans to build with Ocado
The US supermarket chain said it will spend US$55mln on the partners' first project - a 335,000-square-foot facility in Monroe, Ohio, a suburb north of Cincinnati
Ocado signs terms of deal struck with US supermarket chain Kroger
Ocado expects the earnings impact of the Kroger deal to be neutral in the fiscal year 2018
FTSE 100 closes in positive territory; Ocado top gainer
The UK blue-chip index closed up 9.53 points at 7,035, while the more UK company focused FTSE 250 added over 100 points
FTSE 100 closes off lows but shoulders drop as US stocks plunge with tech disappointments
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red
Ocado upgraded back to ‘Equal Weight’ by Barclays as valuation becomes more “reasonable”
The UK investment bank downgraded the company in August after a share price surge led to the stock reaching a 5-year high of 1,146p in late July
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
Ocado remains a Marmite stock – you either love it or hate it – and short-sellers continue to be in play
Russ Mould, investment director at AJ Bell thinks the short-selling squeeze now looks to be over, with data suggesting only 1.4% of Ocado’s shares had been sold short, in early August, down from more than 21% in summer 2016
Ocado shares gain as third quarter revenue rises 11.5%
The FTSE 100 company highlights “strong initial growth” at its new Erith Customer Fulfilment Centre
FTSE 100 closes marginally lower as stocks look rudderless
The UK pound is off 0.14% against the US dollar, and flat against the Euro at the time of writing
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Ocado update eyed for further contract win details after blockbuster Kroger deal
Aside the Ocado update, trading news will also arrive from vehicle hire form Northgate, and FTSE 250-listed Spire Healthcare
FTSE 100 closes lower after lacklustre day; trade fears weigh
FTSE 100 closed down nearly two points on the day at 7,302
Morrisons may shun retail mega merger kingmaker role to continue online expansion
Morrisons, which has online delivery deals in place with Amazon and Ocado, will likely invest further in e-commerce with the high street in decline
FTSE 100 closes higher but only just as trade tensions continue
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Barclays chops Ocado to ‘underweight’ from ‘equal-weight’ following recent share price surge
Barclays' analysts raised their target price for Ocado by 230% to 875p from 265p, but noted that that implies around 20% downside from the firm’s current share price of 1,048p
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FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
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Wetherspoons eyed for CO2 shortage impact as week reaches mid-point
The pub chain will be hoping to mitigate any potential drink shortages as the warm weather and England's World Cup performance drive up customer numbers
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
Eyes on Marks & Spencer and Ocado as spotlight is set to remain on retail
Marks & Spencer's AGM day is set to be less eventful than usual, as it has decided not to provide a trading update.
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High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Investments and investor services
FTSE 100 closes firmly higher as OPEC agrees to lift output
FTSE 100 closed over 125 points higher at 7,682, while FTSE 250 also gained ground, up 280 points to 21,009
Investments and investor services
FTSE 100 closes in red as speculation swirls on August rate rise
The rise in sterling hit the dollar- earning constituents of the FTSE 100
Ocado shows potential to become the next Microsoft or Android of retail
Ocado's e-commerce platform has the potential to become the standard used by retailers in the same way as Microsoft's Windows is used by most PC manufacturers
Investments and investor services
FTSE 100 finishes higher; Ocado top riser as analysts highlight the potential
FTSE 100 closed up around 23 points at 7,627, while FTSE 250 added over 90 points at 20,926..
Ocado downgraded by Bank of America Merrill Lynch as it enters execution phase of Kroger deal
Analysts said that the next few years for the FTSE 250-online grocer would be about “delivering results and validating the economics rather than signing new partnerships"
Ocado shares jump as Goldman Sachs calls its deal with Kroger ‘transformational’
Goldman Sachs upgraded Ocado’s rating to ‘buy’ from ‘neutral’ and set its price target at 1,160p
Investments and investor services
FTSE 100 closes account firmly higher, bolstered by weaker pound
The UK pound shed 0.38% against the Euro, while it was off 0.30% against the US dollar.
Ocado edges higher after FTSE 100 promotion news, upgrade by UBS on Kroger deal
UBS raised its rating for Ocado to ‘neutral’ from ‘sell’ after hiking their target price to 750p from 280p as it believes the firm is now a software and tech licensing company
Investments and investor services
FTSE 100 closes in the red as Trump's tariffs spook investors
Tariffs are to be imposed on steel and aloooooooooomin'm imported from Canada, Mexico and the European Union.
Morgan Stanley cuts Ocado rating after strong gains following Kroger international partnership deal
Morgan Stanley’s analysts pointed out: “We see upside beyond the initial contract for Kroger but also execution risk. Beyond the US, our analysis shows the international opportunity is limited”
FTSE 100 drops 1.26% as political turmoil in Europe hits
In the current markets, the pound fell 0.49% against the US dollar at 1.1472..
M&S could escape FTSE 100 relegation by a whisker, but other high street names look vulnerable
Laith Khalaf, senior analyst at Hargreaves Lansdown said: ‘Marks and Spencer looks like it’s going to avoid relegation from the FTSE 100 by the skin of its teeth”
Marks & Spencer is facing FTSE 100 trap-door and that’s a major red flag for retail stalwarts
Falling out of London's premier index would be a powerful symbol of the retailer's decline but, what does it say about the broader sector?
US equities finish lower as Cicso and Walmart exert downward pressure
Nordstrom's same-store sales disappoint investors in after-hours trading
Red Emperor shares fall as it amends joint venture agreement with Oil Ventures
A look at some of the top risers and fallers in London on Thursday
Ocado shares surge as online grocer inks £183mln deal with US retail giant Kroger
Ocado's chief executive, Tim Steiner, wants to transform the American retail landscape
Investments and investor services
FTSE 100 clocks off at new closing high
FTSE 100 closed at a new all time high on Thursday, up 0.70% to 7,787
Ocado’s swarm of robots can pack your shopping in five minutes
The whole system is controlled via a 4G network with robots collaborating as a swarm to pick an order of over 50 items in just a few minutes
Ocado to secure more partnerships after bagging deal with Sweden's ICA, says Numis
Numis upgraded its rating on Ocado to ‘buy’ from ‘add’, saying it believes Ocado is building a “very valuable business”.
Investments and investor services
Midatech Pharma doubles as biotech stocks excited by sector takeover moves
A look at some of the biggest risers and fallers in London on Wednesday.
Ocado shares jump as it lands deal with Sweden grocer ICA
Ocado said it expects the deal to “create significant long-term value to the business”
Investments and investor services
FTSE 100 rises for fifth session a row, buoyed by miners
The FTSE 100 continued higher on Wednesday, extending the week's winning streak.
Ocado's valuation still makes no sense to UBS
UBS's Evidence Lab surveys show online grocery penetration rates plateauing, notably among the wealthy, young and families. Cracking the US looks essential for Ocado to justify its lofty valuation but the two biggest supermarket players loo
Ocado shares dip as JP Morgan tells investors to ‘wait for a better entry point’
Analyst Marcus Diebel is far from bearish on Ocado, but with shares doubling over the past six months, he thinks the stock is a little expensive at the moment
Investments and investor services
FTSE 100 closes near flat as Middle East tensions cool
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
FTSE 100 closes positively, just, but miners weigh
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
Ocado downgraded by Goldman Sachs after recent outperformance
Goldman is still "fundamentally positive" on Ocado's cash generation and the opportunity that grocery’s shift online represents for the company
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FTSE 100 closes in the red as markets jittery ahead of Fed interest rate decision
The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
Numis Securities tempers recommendation on Ocado following “solid” trading update
Numis analysts said: “Although we lower our recommendation from Buy to Add today to reflect the strong move in the share price (+130% over the last 4m), we remain positive"
Ocado sees first-quarter retail revenue grow in line with guidance though impacted by wintry weather
The FTSE 250-listed group, which last month warned on annual earnings, said its retail revenue rose by 11.7% to £363.4mln in the 13 weeks to March 4, against guidance for the current year of 10%-15% growth
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
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UK inflation data could provide signpost to upcoming Bank of England rate hikes
Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
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Momentum investing: Use the Force, Luke
A lot of academic research suggests a momentum investing strategy outperforms the market. John Harrington attempts to concoct a lazy person's momentum investing system.
Highland Gold Mining boosted by updated mineral resource estimate for flagship Kekura project
A look at some of the biggest risers and fallers in the London market on Tuesday
Ocado expects hit to 2018 earnings as it invests in transformation
Ocado plans to place 5% of its equity to support investments in its technology platform and UK logistics hubs
FTSE 100 closes 2.64% lower as stock chaos continues
FTSE 100 closed 2.64% lower, or 193 points, at 7,141 amid chaotic US trading
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Deepwater Horizon disaster continues to plague BP but oil price recovery offers relief
The day ahead sees full year results from BP and Ocado, interims from Hargreaves Lansdown and trading updates from Carpetright and Babcock
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Get Shorty: Ocado shares soar after another international deal, heaping pressure on short-sellers
Ocado is the third most shorted stock on the London market, with around 13.5% of the company on loan, according to data from shorttracker.com
Investments and investor services
Connect plunges as speculators play pass the parcel
A look at some of the day's major movers, such as Indivior, Greatland Gold, Ocado, Connect Group, Quadrise Fuels.
Ocado signs third international partnership with Canada's second largest food retailer, Sobeys
Sobeys and Ocado will develop their first Customer Fulfilment Centre (CFC) in the Greater Toronto Area, the build of which is expected to take approximately two years
Investments and investor services
FTSE 100 closes in red amid low volatility
The FTSE 100 closed around 15 points lower - at 7,715
Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
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Royal Mail’s Christmas performance under the microscope on Thursday
As well as Royal Mail, updates are expected from Costa Coffee owner Whitbread and Associated British Foods - the parent company of Primark
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Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Ocado reports quarterly revenue rise but shortage of delivery drivers limits growth
The online grocer's average number of orders per week and the size of orders grew in the latest quarter
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Investments and investor services
Will Sports Direct International investors still be optimistic when interims come out on Thursday?
Sports Direct International, Ocado Group, PZ Cussons, and Bunzl are among the names in Thursday's agenda.
Investments and investor services
FTSE 100 closes higher as miners gain and sterling slides
The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
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Federal Reserve Grinch to dominate among upcoming central bank rate decisions
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
Ocado shares stay strong, Physiomics soars, but Torotrak tumbles
Some of the biggest risers and fallers in London on Monday