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
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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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”