viewOcado Group PLC

Market report: FTSE gains despite uncertain UK labour market outlook

The FTSE is in positive territory despite UK unemployment rising to its highest level for two years - up to 4.1% with young people from age 16 to 24 particularly impacted.

Online grocer Ocado (LON:OCDO) says its switch to delivering Marks & Spencer food has been successful, after previously delivering for Waitrose. The firm reported a 50% jump in sales.

UK rail and bus operator FirstGroup (LON:FGP) predicted it would swing back into profit, just two months after warning of uncertainty - UK bus passengers have recovered to around 50% from pre-pandemic levels, while train passengers are up around 30%.

Supermarket stocks are showing resilience despite research from Kantar showing the government’s Eat Out to Help Out scheme hindered supermarkets sales growth last month.

Domino's Pizza (LON:DPZ) is to create 5,000 jobs and support 1,000 placements in the government’s kickstart scheme as it gets set for the busiest time for pizza lovers.

Among the small caps - there’s Bidstack Group PLC (LON:BIDS) has signed an exclusive deal Ubisoft to deliver in-game advertising into the Hyper Scape game.

Amryt Pharma (LON:AMYT) set to receive orphan designation for pre-clinical skin treatment for a rare skin condition EB - which would provide the company with regulatory and financial incentives.

Commercial kitchen services specialist Filta Group Holdings PLC (LON:FLTA), has said sales continued to recover in July as restaurants reopened after the coronavirus (COVID-10) pandemic lockdown. There is an interview with CEO Jason Sayers on the website now - https://www.proactiveinvestors.co.uk/

Quick facts: Ocado Group PLC

Price: 2002 GBX

Market: LSE
Market Cap: £14.98 billion

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