Ocado Group PLC LON:OCDO

Ocado Group plc (LON: OCDO) said on Tuesday that its retail sales in the first half of the ongoing financial year came in 27.2% higher. The company also expressed confidence that an increase in online grocery shopping that was originally fuelled by COVID-19 restrictions will continue even after the virus subsides.   According to the industry data, the British grocery market saw online sales nearly double from 7% before the health crisis to 1...

While Ocado’s (LON:OCDO) deal with Marks & Spencer Group (LON:MKS) dominated the headlines yesterday, the online grocer’s retail business is not its main attraction, Hargreaves Lansdown has said. The comments came as the FTSE 100 group updated investors on its third-quarter performance yesterday, posting a rise in revenue at its Retail business. Ocado’s share price ended yesterday’s session little changed as investors...

The FTSE 100 has climbed higher in today’s session, finding support in BP (LON:BP) and Royal Dutch Shell (LON:RDSA) which continued to be buoyed by higher oil prices in the wake of the attacks on Saudi Arabia. In individual blue-chip movers, Ocado (LON:OCDO) is outperforming the broader London market on the back of its third-quarter results. FTSE 100 steady As of 12:42 BST, the Footsie had given up 12.42 points to stand 0.17 percent lower a...

Ocado’s (LON:OCDO) share price has climbed higher in London this Tuesday as the online grocer updated investors on its third-quarter performance, posting retail revenue in line with its guidance. The update comes after the company recently wrapped up its joint venture deal with Marks & Spencer (LON:MKS). As of 08:57 BST, Ocado’s share price had added 0.93 percent to 1,362.00p. The group’s shares are outperforming the broader...

The FTSE 100 looks set to start trading little changed, pressured by downbeat leads from the US and Asia, with geopolitical tensions continuing to weigh on investor sentiment around the world. On the corporate front, Ocado (LON:OCDO) is scheduled to update investors on its third-quarter performance this morning. Muted start ahead IG’s opening calls suggest that the FTSE 100 will start trading 0.01 percent lower at 7,321 points. In the US, shares...

The FTSE 100 has fallen marginally lower in London this Monday, with a surge in BP (LON:BP) and Royal Dutch Shell (LON:RDSA) limiting the index’s losses over geopolitical concerns in the wake of the attacks on two Saudi Arabian facilities. Cruise operator Carnival (LON:CCL) meanwhile is in the doldrums, pressured by prospects for higher fuel prices. FTSE 100 inches lower As of 13:21 BST, the Footsie had given up 12.99 points to stand 0.18 p...

Ocado’s (LON:OCDO) share price has been subdued in London this morning ahead of the online grocer’s third-quarter statement due out tomorrow. The results will follow the company’s interims in July when the blue-chip group revealed that its losses had widened in the first half of the year. As of 10:45 BST, Ocado’s share price had given up 0.22 percent to 1,347.00p, largely in line with losses in the broader UK market, with...

Smiths Group Plc (LON:SMIN) has been the biggest gainer in the FTSE 100 index today, as the company’s shares received recommendation from Goldman Sachs. The US lender now views Smiths shares as a ”buy”, an improvement from the bank’s previous “neutral” stance. The medical devices and security scanner maker earned the upgrade for its defensive profile and improving free cash flow, financial news outlet ShareCast...

The FTSE 100 index has seen significant gains on Monday, bolstered by strong performances from retailers, miners and oil companies. The blue chip index has gained more than one percent since the start of the session, solidifying its position above the 7,100-point level. The FTSE 100 rose to as high as 7,214.23 points earlier in the session, but is currently hovering just below the 7,200 mark. The retail sector has been a major contributor to the...

The FTSE 100 looks set to extend the previous sessions’  hefty losses, with the trade tensions between the US and China continuing to weigh on investor sentiment around the world. On the corporate front, Rolls-Royce Holdings (LON:RR) and InterContinental Hotels Group (LON:IHG) are scheduled to post results. FTSE 100 seen subdued IG’s opening calls suggest that the Footsie will start trading 0.30 percent lower at 7,202 points. In the US, shares fe...

Ocado’s (LON:OCDO) share price is underperforming the broader market, even as the online grocer announced that it had completed its arrangements with Marks & Spencer Group (LON:MKS). The companies agreed earlier this year to form a joint venture, combining the online grocer’s retail business  and the provision of branding and sourcing from the high street retailer.As of 09:00 BST, Ocado’s share price had given up 3.64 p...

The FTSE 100 looks poised for another sharp slide, extending the previous session’s hefty losses, with investors digesting the ongoing trade tensions between the US and China. On the corporate front, investors will digest HSBC Holdings’ (LON:HSBA) interim results Index seen sharply lower IG’s opening calls suggest that the FTSE 100 will start trading 1.15 percent lower at 7,322 points. In the US, shares fell on Friday as President Donald Trump fl...

Peel Hunt reckons that Ocado (LON:OCDO), the ‘Microsoft of retail’, could be turning into Google-owner Alphabet, Citywire reports. The comments came after the company updated investors on its interim performance yesterday, posting wider loss but cheering investors with higher retail revenues. Ocado’s share price rallied in the previous session as investors digested the results, gaining about 5.6 percent to close at 1,236.50p, ou...

The FTSE 100 looks set to open little changed this morning, with investors awaiting the testimony of Federal Reserve Chair Jerome Powell which will be eyed for clues on the US central bank’s monetary policy. In company news Barratt Developments (LON:BDEV) has posted a trading update this morning. FTSE 100 seen flat IG’s opening calls suggest that Britain’s blue-chip index will start trading 0.05 percent higher at 7,540 points. I...

Micro Focus’ (LON:MCRO) share price has retreated in London this morning even as the software specialist reported what it referred to as ‘steady performance’ in the first six months of its financial year. The company further posted a rise in profit during the reported period while leaving its interim dividend unchanged. As of 09:54 BST, Micro Focus’ share price had given up 1.95 percent to 2,056.50p, underperforming the br...

Ocado’s (LON:OCDO) share price has surged in London this morning even as the online grocer revealed that its losses had widened in the first half of the year. The company, however, grew its retail revenues during the reported period and flagged growth for the remainder of the year. As of 08:52 BST, Ocado’s share price had added 6.41 percent to 1,245.50p, outperforming the broader UK market, with the benchmark FTSE 100 index having sli...

The FTSE 100 looks set to open lower this Tuesday following downbeat leads from the US and Asia, and ahead of testimony by the Federal Reserve Chair later in the week. On the corporate front, online grocer Ocado’s (LON:OCDO) half-year results are likely to take the centre stage. FTSE 100 seen lower IG’s opening calls suggest that the Footsie will start trading 0.13 percent lower at 7,539 points. The blue-chip index is likely to take c...

Ocado share price: Investors eye interims next week Online grocer Ocado (LON:OCDO) is scheduled to update investors on its interim performance next week. The results will come after the latest figures at Kantar Worldpanel showed that the company was the UK‘s fastest growing supermarket, with sales growth of 11.3 percent comfortably ahead of the overall e-commerce market at six percent in the 12 weeks to June 16. Ocado’s share price ha...

Marks & Spencer’s share price (LON:MKS) has climbed higher in London this afternoon as Barclays maintained its ‘overweight’ rating on the blue-chip retailer. Proactive Investors quoted the analysts as commenting that the group’s restructuring plan left it well-placed to deal with the challenge of launching its online grocery business. As of 14:40 BST, Marks & Spencer’s share price had added 1.67 percent to 20...

Ocado’s share price (LON:OCDO) has surged in London this Friday as Citi lifted its valuation on the online grocer. The analysts have further reaffirmed their bullish stance on the company. As of 15:01 BST, Ocado’s share price had gained 5.62 percent to 1,164.50p, outperforming the broader UK market, with the benchmark FTSE 100 index having fallen marginally into the red and currently standing 0.14 percent lower at 7,414.13 points. The...