![]() ![]() "The positives are that the Ocado/Marks & Spencer joint venture continues to grow its active customer numbers which suggests it must be doing something right." The negatives are that revenue is growing much slower than the rate of food inflation and the average basket size is in decline. Russ Mould, investment director at AJ Bell, said: "There are two ways of looking at Ocado’s latest trading update. ![]() On the downside, Ocado slumped despite saying that Ocado Retail - its 50:50 joint venture with Marks & Spencer - saw a 3.4% jump in first-quarter revenues and that it remained on track to return to sales growth and profitability. Halma gained after it announced the acquisition of FirePro, a manufacturer of aerosol-based fire suppression systems, for €150m (£132m) on a cash- and debt-free basis. Miners Glencore and Rio Tinto rose as copper prices advanced. ![]() Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.īA and Iberia owner IAG flew higher after an upgrade to ‘buy’ from ‘neutral’ at Redburn.īP gushed higher after it and Abu Dhabi National Oil Co (ADNOC) made a $4bn offer to buy 50% of Israeli offshore natural gas producer NewMed Energy and take it private.Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds.Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so.Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body.Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services.Obtains access to the information in a personal capacity.I am a private investor* I am not a private investor *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: ![]()
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