Top story:
Ocado’s share price has fallen 10% in early trading this morning after it reported full-year results.
Ocado’s revenue was up 14.1% to £3.2bn in the year to 1 December, with operating losses falling 4.9% to £374.5m.
However, investors remain concerned over the sustainability of the company’s growth in an increasingly competitive grocery market, with its stock one of the most shorted on the London exchange.
Full story here
Morning update:
Haleon’s share price has also taken a hit after its revenues slipped 0.6% last year.
Sensodyne maker Haleon’s annual profits rose in line with expectations last year, but its pain relief and respiratory health divisions both saw sales decline.
Its stock is down over 3% in early trading.
Full story here
No comments yet