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?
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.
509 stories · page 19 of 26
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
Archive
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