The FTSE 100 is set to open up by 15 points as the market reacts to the impressive UK retail sales numbers. The index is trading at £6,344, which is in the same range it has been in the past few days. According to official numbers, the volume of retail...
Ocado share price has bounced back this week as part of the broader equities rally. The shares are trading at 2,600p, which is a 17% gain from October’s low of 2,235. Marks and Spencer reports first loss Ocado shares dropped by more than 1% yesterday as traders reacted to the […]
Ocado’s share price is finding it hard to gain upside traction this Tuesday, as shoppers have started to express fears about the company’s ability to expand its delivery services to cater for the expected holiday shopping rush in the light of new lockdowns. Several clients are complaining loudly on social […]
Ocado’s share price is down this Monday as its previous partner Waitrose has reported a 20% increase in its online orders. A spokeswoman with Waitrose is said to have told The Grocer that more than 50 Waitrose shops are now fulfilling orders of more than 1,000 each week, with three […]
Ocado shares tumbled 5% after news that a Norwegian company was suing the online retailer over copyright infringement. The company is facing allegations that its automated warehouse technology is an infringement of Norwegian firm Autostore. The Norwegian rival has filed lawsuits in the U.S. and U.K. seeking financial damages, which […]
The Times is reporting that UK policymakers may be considering a ban on social gatherings as cases of the coronavirus escalate locally. What will in effect be a new lockdown would entail the closure of bars, pubs, restaurants and any indoor meetings that fell under the previous prohibition. London Mayor […]
Ocado jumped to a new all-time high after a positive trading statement on Tuesday for the online retailer. The company said revenues had come in at £587.3m to the end of August.
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