Ocado shares top float price

Shares in online grocer Ocado rocketed past their 180p float price for the first time yesterday, hitting
196.7p ahead of its first update since joining the stock market last July. The company, which is yet to post a profit, gained 10 per cent in trading, its steepest rise in more than a month. It will update investors on Monday on its performance since going public in a £369m float, when it was forced to slash its initial price from a range of 200p to 275p down to 180p.