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UK's Ocado falls to more than six-year low on Sobeys pausing warehouse opening

BUZZ-UK's Ocado falls to more than six-year low on Sobeys pausing warehouse opening ** Shares of online grocer and technology group Ocado OCDO.L down 17% at 292.30, their lowest level in more than six years ** Stock is currently top pct loser on FTSE 100 .FTSE index ** Co's Canadian supermarket partner Sobeys pauses opening of OCDO's fourth robotic
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Ocado's shares hit as Canadian partner Sobeys pauses warehouse opening

UPDATE 4-Ocado's shares hit as Canadian partner Sobeys pauses warehouse opening Sobeys won't open robotic warehouse in Vancouver in 2025 Ocado and Sobeys end 'mutual exclusivity' deal Ocado says 2024 financial guidance unchanged Ocado shares down 16% Updates shares in paragraph 1 and 3, analyst comment paragraph 5 By James Davey and Echha Jain June 20 (Reuters) - Ocado Group's OCDO.L shares slumped more than 16% on Thursday after the online grocer and technology group said its Canadian supermark
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UK's Ocado and Sobeys pause planned go-live in Canada

UK's Ocado and Sobeys pause planned go-live in Canada June 20 (Reuters) - Ocado OCDO.L said on Thursday the planned go-live of North American partner Sobeys' customer fulfilment centre in Canada's Vancouver has been paused and the two companies have agreed to end terms related to mutual exclusivity. Shares in Ocado dropped 10% on the news. Reportin
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FTSE 100 hits near two-week high on BoE rate cut bets

UPDATE 3-FTSE 100 hits near two-week high on BoE rate cut bets For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.8%, FTSE 250 up 0.6% Bank of England keeps rate steady at 5.25% Markets increase bets on quarter-point August rate cut Ocado slumps as Canadian partner pauses warehouse opening Updated at 1550 GMT By Pranav Kashyap June 20 (Reuters) - London's blue-chip stock hit a near two-week high on Thursday, as the Bank of Eng
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UK grocery inflation edges lower again ahead of election, Kantar says

UK grocery inflation edges lower again ahead of election, Kantar says Kantar: Grocery inflation at 2.1% in 4 weeks to June 9 Take-home sales up 1.0%, slowest increase since June 2022 Outcome reflects poor UK weather Consumers shun suncare items and salads, buy soup By James Davey LONDON, June 18 (Reuters) - UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tuesday, providing a little cheer for Prime Minister Rishi Sunak ahead of next month's election.
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