Ocado earnings hit by Andover fire costs but shares jump on deal optimism
Ocado’s shares have risen strongly this year after clinching deals with M&S and Coles.
Company
Marks and Spencer Group PLC
LON:MKS
Marks and Spencer Group is a retailer of clothing, food and home products in the United Kingdom. The Company has 622 stores, including Simply Food franchise stores, as well as an international business.
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Investments and investor services
FTSE 100 closes in red as traders await Fed chair comments
The Footsie closed the afternoon session down nearly 13 points at 7,536.
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Bovis Homes, Ocado and Micro Focus all due to report on a busy Tuesday
After a relatively quiet start to the week, the news flow is set to ratchet up on Tuesday as a host of big names publish updates of one kind or another
Investments and investor services
FTSE 100 closes a tad lower as traders are not sure which way to jump
The UK's premier share index finished nearly four points lower at 7,549
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
FTSE 100 dividend payments set for new record in 2019 despite recent cuts from M&S and Vodafone
AJ Bell’s Dividend Dashboard shows that payments from London’s 100 biggest companies is expected to total £91.2bn this year
M&S well-positioned to deal with challenges, says Barclays
Barclays maintained an ‘overweight’ rating on M&S but lowered its target price to 290p from 320p
Ocado market is even bigger than previously thought, says Citi
Citi’s rating of ‘buy’ was reiterated with the share price target hiked to 1,450p from 1300p
Tesco still market leader but for how long?
With German discounters Aldi and Lidl chipping away at its market share and Amazon marching onto the grocery scene, Tesco’s work is far from done.
Marks and Spencer rights issue receives lukewarm response, but rump placed easily
Never mind eight out of 10 cats ... barely eight out of 10 M&S shareholders wanted new shares, even at a discount
Shell shows way forward for dividends as other blue chips cut their cloth
Oil major guides to total dividends and share buy-backs of US$125bn “or more” between 2021 and 2025
easyJet’s FTSE 100 relegation could be more of a dip than a descent
The budget airline is accompanied by generic drug maker Hikma on the list of firms facing the blue-chip trap door
Builders and building materials
Kier gives short-sellers a boost after profit warning sends shares crashing
About 4.75% of Kier’s shares are on loan to short sellers, according to website www.shorttracker.co.uk
Ocado hit as Jefferies cuts stance to ‘underperform’ on valuation grounds after strong gains
The US broker's analysts pointed out that Ocado’s valuation “now assumes an unequivocal commercial success of the OSP for its existing customers (and their 38 contracted sheds)”
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
M&S expected to narrowly avoid FTSE 100 relegation after rights issue
On Wednesday, M&S shares fell 5.9% to 235.80p as trading in the rights to the upcoming share issue hit the secondary market
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Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail
Frontier IP’s Fieldwork Robotics sees success in initial trials of fruit-picking robot
Further trials for the system are scheduled for later this year, with a commercial system expected to be manufactured in 2020
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FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
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Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust