Last Week in the City: England has an 8.5% chance of winning the World Cup May 18, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (14 to 18 May 2018). UBS has used its City analysts’ predictive firepower to try and work out the winner of the upcoming World Cup in Russia – and England came surprisingly high in its league [...]
Ocado’s tech prowess must be celebrated May 18, 2018 It took a mega deal with a US grocer for Ocado to prove that it’s no basket case. The online grocer saw shares soar more than 80 per cent during trading yesterday after it announced that Kroger, one of the world’s biggest grocery chains with annual sales of $122bn (£90bn), will now use Ocado’s technology to [...]
Mayfair Brexiteer among clutch of hedgies burnt by Ocado’s US-fuelled share surge May 17, 2018 One of Mayfair’s most revered short sellers today took a multi-million-pound hit from Ocado’s rocketing shares. Marshall Wace, which made millions from the collapse of Carillion, has one of the largest punts against the online retailer. With a net short position of one per cent, according to regulatory filings, Marshall Wace booked a paper loss [...]
Sainsbury’s trials London grocery delivery on electric cargo bikes April 19, 2018 Sainsbury’s is trialling a new delivery method in south London this week, as the supermarket looks at new ways to get groceries to customers’ doors. Delivery riders are taking up to 100 orders a day through the streets on electric cargo bikes. The idea is to increase efficiency when delivering groceries by using cycle lanes [...]
Construction activity shrinks in March after unusually bad weather, says IHS Markit, CIPS UK construction PMI April 4, 2018 Activity in the construction sector was chilled in March due to “unusually bad weather”, according to the IHS Markit/CIPS UK construction purchasing manager’s index out this morning. Growth slowed from a reading of 51.4 in February to 47 in March, signalling the first time industry activity fell below the 50 no-change marker for six months. [...]
Last week in the City March 23, 2018 This week, China warned the US that it is not afraid of engaging in a trade war, the Federal Reserve hiked interest rates again, and Facebook shares plummeted after allegations that millions of users' profile data had been harvested. The FTSE 100 was down 3.5% over the course of the week by mid-session on Friday. [...]
Aldi knocks Waitrose off supermarket top spot while shoppers turn to Iceland and Ocado for online groceries February 12, 2018 Aldi has knocked Waitrose off the top spot as the UK’s favourite supermarket for in-store shopping. Customers rated their experience at the budget retailer as best in Which?’s annual survey. Last year’s most popular supermarket Waitrose fell to fourth-highest, below Marks & Spencer and Lidl. Respondents rated Aldi’s value for money very highly, and were [...]
Craft beer maker FourPure to create 20 new London jobs with £2.5m brewery investment in Bermondsey January 31, 2018 Craft brewer FourPure has put £2.5m into expanding its Bermondsey brewery, increasing capacity by 400 per cent. The project will create 20 new jobs and allow the brand, which is stocked in the likes of M&S, Tesco, Asda and Ocado to keep up with demand. Co-founder Daniel Lowe said the company was now talking to [...]
Amazon tests one-hour fashion delivery from catwalk to doorstep at London Fashion Week with Nicopanda September 17, 2017 Amazon has tested out delivery of the hottest fashion items to people’s doors in just one hour during London Fashion Week. The designer who styled Lady Gaga’s famous meat dress, Nicola Formichetti, has partnered with the tech giant to get his Nicopanda line from the catwalk to the doorstep almost immediately. Read more: The UK’s [...]
The UK’s 12 most shorted stocks revealed: Carillion tops the list, with several household names filling in the ranks July 25, 2017 It's not a list which many corporates would be happy to top, but Canaccord Genuity Wealth Management has today released a ranking of the 12 most shorted stocks in the UK. Construction company Carillion topped the list, with 27.2 per cent of its equity having been shorted. High street names such as Debenhams, Marks and [...]