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Ocado


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B&M, LVMH, Ocado

EUROPE RESEARCH ROUNDUP-B&M, LVMH, Ocado July 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including B&M, LVMH and Ocado on Wednesday. HIGHLIGHTS * B&M BMEB.L : JP Morgan cuts target price to 469p from 471p * LVMH LVMH.PA : Jefferies cuts target price to EUR 690 from EUR 710 * Ocado OCDO.L : HSBC raises target price to 305p from 285p * SAP SE SAPG.DE : Jefferies raises target price to EUR 225 from EUR 210 * Tharisa Plc THST.L : Peel Hu
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Some sun, football and promotions fuel UK groceries spending, says NIQ

Some sun, football and promotions fuel UK groceries spending, says NIQ UK grocers sales up 3.6% yr/yr in 4 weeks to July 13 38% of branded goods sales made on promotion Ocado is fastest growing grocer, Asda the laggard By James Davey LONDON, July 24 (Reuters) - A week of hot summer weather at the end of June, England reaching the final of the Euro 2024 soccer championship and promotions on branded goods drove UK grocery sales over the last month, industry data showed on Wednesday.
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Ocado Launches First CFC In Spain With Alcampo

BRIEF-Ocado Launches First CFC In Spain With Alcampo July 23 (Reuters) - Ocado Group PLC OCDO.L : OCADO LAUNCHES FIRST CFC IN SPAIN WITH ALCAMPO Source text for Eikon: [ID:] Further company coverage: OCDO.L
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UK stocks close higher as investors weigh corporate updates, US politics

UPDATE 1-UK stocks close higher as investors weigh corporate updates, US politics 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 0.5%, FTSE 250 adds 0.3% Rentokil surges after report of takeover interest US economic data, corporate earnings on tap Updated at 1559 GMT July 22 (Reuters) - British stocks kicked off the week on a positive note following a slew of upbeat corporate updates, while investors weighed the impact of U
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UK's Ocado soars after Kroger orders new automated technologies

BUZZ-UK's Ocado soars after Kroger orders new automated technologies ** Shares of British online supermarket group Ocado OCDO.L up 7% at 405p ** U.S. partner Kroger KR.N placed order for a wide range of new automated technologies to roll out in warehouses across its network ** Kroger to implement Ocado's technologies across multiple Customer Fulfil
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Ocado boosted as partner Kroger orders new automated technologies

UPDATE 2-Ocado boosted as partner Kroger orders new automated technologies Kroger to roll out Ocado's On-Grid Robotic Pick Order follows Ocado raising guidance last week Ocado shares up 7.1% Adds shares in paragraph 3, analyst comment in paragraph 12 By James Davey LONDON, July 22 (Reuters) - British online supermarket and technology group Ocado OCDO.L said on Monday its U.S.
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UK Stocks-Factors to watch on July 22

UPDATE 1-UK Stocks-Factors to watch on July 22 Adds new items, updates futures July 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0 .7%. * ENTAIN: Global sports betting and gaming group Entain BT.L said Gavin Isaacs will take over as chief executive officer effective Sept. 2. * VODAFONE: Britain's Vodafone VOD.L has sold a further 10% stake in Vantage Towers for 1.3 billion euros ($1.41 billion), bringing its shareholding in the European mo
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Ocado partner Kroger orders new automated technologies

Ocado partner Kroger orders new automated technologies LONDON, July 22 (Reuters) - British online supermarket and technology group Ocado OCDO.L said on Monday its U.S. partner Kroger KR.N had placed an order for a wide range of new automated technologies to roll out in warehouses across its network. Ocado said the technologies include innovations such as On-Grid Robotic Pick (OGRP) and Automated Frameload (AFL), which will increase Kroger's efficiency and labour productivity.
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Ocado And Kroger To Roll Out Technology Enhancements Across CFCs

BRIEF-Ocado And Kroger To Roll Out Technology Enhancements Across CFCs July 22 (Reuters) - Ocado Group PLC OCDO.L : KROGER ROLL OUT OF NEW TECHNOLOGY ENHANCEMENTS KROGER TO IMPLEMENT OCADO'S LATEST TECHNOLOGIES ACROSS CFCS Source text for Workspace: ID:nRSV1838Xa Further company coverage: OCDO.L (Gdansk Newsroom)
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FTSE 100 knocked lower by declines in commodities, luxury

UPDATE 1-FTSE 100 knocked lower by declines in commodities, luxury For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.2%, FTSE 250 up 0.1% Rio Tinto falls after Q2 iron ore shipments miss estimates Ocado soars after smaller H1 loss, forecast lift Updated at 1557 GMT By Purvi Agarwal and Roshan Abraham July 16 (Reuters) - London's benchmark FTSE 100 closed lower for a second straight session on Tuesday, hurt by fresh declines
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Europe's STOXX 600 declines as resources shares, luxury brands fall

UPDATE 2-Europe's STOXX 600 declines as resources shares, luxury brands fall For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 down 0.3% Scor at bottom of STOXX 600 on forecast cut SEB gains after upbeat quarterly profit Updated at 1600 GMT By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan July 16 (Reuters) - European shares fell on Tuesday as commodity-linked stocks tracked declining prices and luxury brands fell after Hug
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Lots of red

LIVE MARKETS-Lots of red STOXX 600 down 0.5% Scor, Hugo Boss warn on results Wall St futures inch lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com LOTS OF RED Most major industry sectors and national benchmarks are in the red after the first hour of trading on Tuesday without much positive news to point to.
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Ocado Raises Technology Solutions FY24 Margin Guidance To Mid-Teens Percentage

BRIEF-Ocado Raises Technology Solutions FY24 Margin Guidance To Mid-Teens Percentage July 16 (Reuters) - Ocado Group PLC OCDO.L : OCADO - RAISES TECHNOLOGY SOLUTIONS FY24 MARGIN GUIDANCE TO A MID-TEENS PERCENTAGE OCADO - RETAIN FY24 TECHNOLOGY SOLUTIONS GUIDANCE FOR 15% TO 20% REVENUE GROWTH OCADO GROUP PLC - HALF-YEAR REPORT OCADO: RAISING FY24 EBITDA & CASH FLOW GUIDANCE: UNDERLYING CASH FLOW EXPECTED TO IMPROVE BY £150M OCADO - RAISING FY24 EBITDA & CASH FLOW GUIDANCE OCADO: UNDERLYING CASH
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Ocado not working on shift to U.S. listing, says boss

Ocado not working on shift to U.S. listing, says boss LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, is not currently working on shifting to a listing in the United States, its boss said on Tuesday. "It's not something we're currently working on," chief executive Tim Steiner told Reuters after the group reported first half results .
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UK's Ocado tops FTSE midcap on strong HY, outlook upgrade

BUZZ-UK's Ocado tops FTSE midcap on strong HY, outlook upgrade ** Shares of online grocer and technology group Ocado OCDO.L up 17.5% at 400p, top gainers of London's midcap index .FTMC ** Co posts smaller H1 loss before tax of 153.9 mln pounds ($199.35 mln) vs 289.5 mln pounds ** Ocado raises FY24 core porfit margin of Technology Solutions division
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Ocado CEO: Investors should not be losing confidence

Ocado CEO: Investors should not be losing confidence LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, said investors should not be losing confidence despite a slowdown in the rollout of robotic sites and modules for its retail partners. "I'm not concerned in investors losing confidence, because they shouldn't be losing confidence.
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UK grocery inflation falls to 1.6%, says Kantar

UK grocery inflation falls to 1.6%, says Kantar Grocery inflation at lowest level since Sept 2021, Kantar says Take-home sales up 2.2% over four weeks to July 7 By James Davey LONDON, July 16 (Reuters) - UK grocery inflation has slowed this month to its lowest level since September 2021, coinciding with the fastest rise in monthly supermarket shopper numbers so far this year, industry data showed on Tuesday.
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UK Stocks-Factors to watch on July 16

UPDATE 1-UK Stocks-Factors to watch on July 16 Adds new items, updates futures July 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.5%. * OCADO: Ocado OCDO.L , the British online supermarket and technology group, on Tuesday reported a smaller first-half loss , said it was making "good progress" and raised its financial outlook for the full year.
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Ocado shares jump after tech arm margin guidance lifted

UPDATE 3-Ocado shares jump after tech arm margin guidance lifted Sees "mid-teens" technology EBITDA margin in 2023-24 Sees cash flow improving by 150 million pounds CEO says investors shouldn't be concerned Shares jump 15% Updates shares paragraph 4, analyst comment paragraph 7, CEO comment paragraph 9 By James Davey LONDON, July 16 (Reuters) - Britain's Ocado OCDO.L lifted the annual profit margin guidance for its key warehouse technology division on Tuesday, reassuring investors and prompting
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Ocado Group Raises FY24 Margin Guidance To Mid-Teens Percentage

BRIEF-Ocado Group Raises FY24 Margin Guidance To Mid-Teens Percentage July 16 (Reuters) - Ocado Group PLC OCDO.L : OCADO GROUP PLC - HALF-YEAR REPORT OCADO: RAISING FY24 EBITDA* & CASH FLOW GUIDANCE: UNDERLYING CASH FLOW* EXPECTED TO IMPROVE BY £150M OCADO - RAISING FY24 EBITDA* & CASH FLOW GUIDANCE OCADO: UNDERLYING CASH OUTFLOWS IN FY24 NOW EXPECTED TO BE AROUND £150M LOWER (IMPROVEMENT) VERSUS.
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