|Bid||4.1200 x 300000|
|Ask||4.2800 x 300000|
|Day's range||4.1400 - 4.1400|
|52-week range||4.1000 - 11.7000|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
A look at the stocks making headlines on Tuesday.
Stuart Machin, the M&S boss, says the caution in resuming the payouts reflects lingering uncertainty over consumer demand and cost pressures. By the time M&S decides on the quantum of its interim payout, it will know whether it needs to find £156mn to pay Ocado the remaining consideration for its 50 per cent stake in Ocado Retail, the online supermarket jointly owned by the two companies. The payment is contingent on Ocado Retail’s performance against an undisclosed target in the year to November 2023, and M&S has already reduced the estimated fair value of the liability on its balance sheet.
The supermarket saw underlying profit before tax of £690m.
Ocado is set to shut one of its biggest customer fulfilment centres, putting as many as 2,300 jobs at risk as the online grocery retailer ditches older warehouses in favour of more efficient sites in its search for a path back to profitability. The firm said its Hatfield centre, which was its oldest facility, would be closed down in anticipation of the opening of a planned new site in Luton. Ocado said it had begun a consultation with staff and hoped to redeploy “as many as possible” to other sites.
Jobs at risk as Ocado plans to shut Hatfield site.
Rate of 10.1% in March is higher than expected.
UK shoppers are paying more at the supermarket as the cost of cheddar cheese, white bread and porridge oats soars.
Multiple insiders secured a larger position in Ocado Group plc ( LON:OCDO ) shares over the last 12 months. This is...
“Autostore should have known that their claim was misguided from the very beginning, as their patents were never valid,” an Ocado spokesperson said
The Kroger Co. (NYSE: KR), America's grocer, today announced the official opening of a new spoke in Austin, Texas. This facility opening means customers can tap into Kroger's incredible selection of fresh items, unique Our Brands products and favorite national brands, as well as individualized offers for the groceries most important to their families – all delivered directly to their door by a friendly, professional associate. Kroger was joined by the local community to officially open the spoke
Apple Pay Later allows consumers to apply for Apple Pay Later loans of $50 to $1,000.
Average orders per week at Ocado.com rose by 3.6% to 381,000 in the first quarter of the year.
By Geoffrey Smith
The Kroger Co. (NYSE: KR), America's grocer, today announced its Customer Fulfillment Center (CFC) in Aurora, CO is open. This facility expands access to fresh, affordable food and provides more than 200 new associates with opportunities to grow their careers. Customers across the region can order Kroger's fresh produce and trend-setting Our Brands products to be delivered directly to their doors by a friendly associate.
Ocado Group ( LON:OCDO ) Full Year 2022 Results Key Financial Results Revenue: UK£2.51b (flat on FY 2021). Net loss...
Ocado continues to post big losses after annual results today revealed a deficit of £501 million, up from £177 million the year before. Other companies reporting results today include Serco and Travis Perkins, while online electricals business AO World told investors that underlying earnings will be higher than forecast in January.
City Comment: A world in which food inflation is blazing at 17.1% can only be good for the Aldis and Lidls of this world — but terrible for the Ocados
Ocado is cutting prices on more than 10,000 products to better compete with rivals, after a slump in sales pushed the online grocer to a loss of more than £500m.
A top policymaker at the Bank of England has warned that falling energy prices could still fuel inflation as consumers have more money to spend on other things.
Ocado customers are putting fewer items in their baskets in response to higher prices.
Losses at Ocado have widened to a staggering £500 million as the online grocery business battles soaring inflation, weak consumer sentiment and a normalising of shopping habits following an end to pandemic restrictions. The firm, which operates a joint venture with Marks and Spencer, posted a loss before tax of £500.8 million for 2022, while retail sales fell 3.8% to £2.2 billion.
By Scott Kanowsky
Taking the occasional loss comes part and parcel with investing on the stock market. And unfortunately for Ocado Group...
The Kroger Co. (NYSE: KR), America's grocer, today announced the opening of a new spoke facility in South Florida. Joined by the local community, Kroger celebrated the expansion of the delivery service and welcomed 90 new associates. This facility opening means customers can access Kroger's incredible selection of fresh items, unique Our Brands products and favorite national brands, as well as individualized offers for the groceries most important to their families – all delivered directly to th
The UK’s FTSE 100 benchmark index was off to a positive start this week.