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European shares slip as lacklustre miners, luxury retailers weigh

UPDATE 1-European shares slip as lacklustre miners, luxury retailers weigh For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 down 0.5% Scor at bottom of STOXX 600 on forecast cut SEB gains after upbeat quarterly profit Updated at 0840 GMT By Shristi Achar A and Pranav Kashyap July 16 (Reuters) - European shares fell on Tuesday following weakness in metal miners and dour earnings from luxury retailer Hugo Boss, while markets also
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Lots of red

LIVE MARKETS-Lots of red STOXX 600 down 0.5% Scor, Hugo Boss warn on results Wall St futures inch lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com LOTS OF RED Most major industry sectors and national benchmarks are in the red after the first hour of trading on Tuesday without much positive news to point to.
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Ocado Raises Technology Solutions FY24 Margin Guidance To Mid-Teens Percentage

BRIEF-Ocado Raises Technology Solutions FY24 Margin Guidance To Mid-Teens Percentage July 16 (Reuters) - Ocado Group PLC OCDO.L : OCADO - RAISES TECHNOLOGY SOLUTIONS FY24 MARGIN GUIDANCE TO A MID-TEENS PERCENTAGE OCADO - RETAIN FY24 TECHNOLOGY SOLUTIONS GUIDANCE FOR 15% TO 20% REVENUE GROWTH OCADO GROUP PLC - HALF-YEAR REPORT OCADO: RAISING FY24 EBITDA & CASH FLOW GUIDANCE: UNDERLYING CASH FLOW EXPECTED TO IMPROVE BY £150M OCADO - RAISING FY24 EBITDA & CASH FLOW GUIDANCE OCADO: UNDERLYING CASH
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Ocado not working on shift to U.S. listing, says boss

Ocado not working on shift to U.S. listing, says boss LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, is not currently working on shifting to a listing in the United States, its boss said on Tuesday. "It's not something we're currently working on," chief executive Tim Steiner told Reuters after the group reported first half results .
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UK's Ocado tops FTSE midcap on strong HY, outlook upgrade

BUZZ-UK's Ocado tops FTSE midcap on strong HY, outlook upgrade ** Shares of online grocer and technology group Ocado OCDO.L up 17.5% at 400p, top gainers of London's midcap index .FTMC ** Co posts smaller H1 loss before tax of 153.9 mln pounds ($199.35 mln) vs 289.5 mln pounds ** Ocado raises FY24 core porfit margin of Technology Solutions division
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Ocado CEO: Investors should not be losing confidence

Ocado CEO: Investors should not be losing confidence LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, said investors should not be losing confidence despite a slowdown in the rollout of robotic sites and modules for its retail partners. "I'm not concerned in investors losing confidence, because they shouldn't be losing confidence.
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UK grocery inflation falls to 1.6%, says Kantar

UK grocery inflation falls to 1.6%, says Kantar Grocery inflation at lowest level since Sept 2021, Kantar says Take-home sales up 2.2% over four weeks to July 7 By James Davey LONDON, July 16 (Reuters) - UK grocery inflation has slowed this month to its lowest level since September 2021, coinciding with the fastest rise in monthly supermarket shopper numbers so far this year, industry data showed on Tuesday.
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UK Stocks-Factors to watch on July 16

UPDATE 1-UK Stocks-Factors to watch on July 16 Adds new items, updates futures July 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.5%. * OCADO: Ocado OCDO.L , the British online supermarket and technology group, on Tuesday reported a smaller first-half loss , said it was making "good progress" and raised its financial outlook for the full year.
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Ocado shares jump after tech arm margin guidance lifted

UPDATE 3-Ocado shares jump after tech arm margin guidance lifted Sees "mid-teens" technology EBITDA margin in 2023-24 Sees cash flow improving by 150 million pounds CEO says investors shouldn't be concerned Shares jump 15% Updates shares paragraph 4, analyst comment paragraph 7, CEO comment paragraph 9 By James Davey LONDON, July 16 (Reuters) - Britain's Ocado OCDO.L lifted the annual profit margin guidance for its key warehouse technology division on Tuesday, reassuring investors and prompting
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Ocado Group Raises FY24 Margin Guidance To Mid-Teens Percentage

BRIEF-Ocado Group Raises FY24 Margin Guidance To Mid-Teens Percentage July 16 (Reuters) - Ocado Group PLC OCDO.L : OCADO GROUP PLC - HALF-YEAR REPORT OCADO: RAISING FY24 EBITDA* & CASH FLOW GUIDANCE: UNDERLYING CASH FLOW* EXPECTED TO IMPROVE BY £150M OCADO - RAISING FY24 EBITDA* & CASH FLOW GUIDANCE OCADO: UNDERLYING CASH OUTFLOWS IN FY24 NOW EXPECTED TO BE AROUND £150M LOWER (IMPROVEMENT) VERSUS.
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UK's Ocado narrows first half loss and raises guidance

UK's Ocado narrows first half loss and raises guidance LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, on Tuesday reported a lower first half loss and raised its financial guidance for the full year. The group said it now expected its key technology solutions division to achieve a "mid-teens" EBITDA margin in the full 2023-24 year, versus previous guidance of over 10%.
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UK Stocks-Factors to watch on July 16

UK Stocks-Factors to watch on July 16 July 16 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.2%. * RIO TINTO: Global mining giant Rio Tinto RIO.L reported second-quarter iron ore shipments below analyst estimates reflecting impacts to production from a train derailment in mid-May. * RIO TINTO: Rio Tinto said its massive African iron ore project in Guinea that it is jointly developing with a Chinese consortium has received all the regulatory approvals
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Top of the Street: BP, Lufthansa, Ocado

BUZZ-Top of the Street: BP, Lufthansa, Ocado A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley cuts British oil firm BP BP.L to "equal weight" from "overweight", saying Q2 results of European energy groups are "unlikely" to surprise positively ** Stifel cuts Lufthansa LHAG.DE to "sell" from "hold", expecting "severe" pressure on consensus estimates for the German airline following Friday's profit warning ** Bernstein cuts Ocado OCDO.L to "un
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UK's Ocado slumps after brokerage downgrades stock

BUZZ-UK's Ocado slumps after brokerage downgrades stock ** Online grocer and technology group Ocado's OCDO.L shares drop 9.5% to 243.90 pence, at bottom of London's midcap index .FTMC ** Brokerage Bernstein downgrades company's shares to "underperform" from "outperform", cuts PT to 260p from 1000p ** Ocado needs to "consider its options" to go priv
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European shares fall, led by luxury sector, utilities

UPDATE 2-European shares fall, led by luxury sector, utilities For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Burberry drops on CEO exit, profit warning ECB President Christine Lagarde to speak later in the day Ocado falls after brokerage downgrade STOXX 600 down 1% Updated at 1600 GMT By Shristi Achar A and Shashwat Chauhan July 15 (Reuters) - European shares drifted lower on Monday after dour updates from luxury companies weighed on t
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London stocks subdued as non-life insurers offset resource sector slide

UPDATE 1-London stocks subdued as non-life insurers offset resource sector slide For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.1%, FTSE 250 flat Resources shares lead declines Britvic surges after agreeing to Carlsberg's sweetened bid Updated at 1550 GMT By Purvi Agarwal and Roshan Abraham July 8 (Reuters) - London stocks began the week on a muted note, with resource shares edging lower and investors awaiting fresh econ
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STOXX 600 flat as markets assess France's hung parliament prospects

UPDATE 2-STOXX 600 flat as markets assess France's hung parliament prospects For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 flat, energy shares lead losses Britvic gains on deals with Carlsberg Delivery Hero drops after it flags potential antitrust fine Updated at 1600 GMT By Shubham Batra and Shristi Achar A July 8 (Reuters) - European shares were muted on Monday as investors mulled chances of a hung parliament in France afte
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UK's Ocado rises on Aeon Partnership to build third robotic warehouse

BUZZ-UK's Ocado rises on Aeon Partnership to build third robotic warehouse ** Shares of online grocer and technology group Ocado OCDO.L up 3.8% at 340.7 pence ** Stock among top gainers on the FTSE mid cap index .FTMC ** Extends partnership with Japan's Aeon 8267.T to build a third robotic warehouse or customer fulfillment centre (CFC) as co calls them ** Aeon to upgrade its live operations with Ocado's latest technologies, including "On-Grid Robotic Pick," under the partnership.
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Ocado builds on Aeon partnership with plans for third robotic warehouse

UPDATE 1-Ocado builds on Aeon partnership with plans for third robotic warehouse Adds detail paragraphs 3 to 6 LONDON, July 8 (Reuters) - British online supermarket and technology group Ocado OCDO.L said on Monday it had boosted its partnership with Japan's Aeon 8267.T with plans to build a third robotic warehouse. The third customer fulfilment centre (CFC), as Ocado calls them, will be in Kuki-Miyashiro, the Saitama prefecture of Japan, and will go live in 2027. The expansion of the partnership
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UK Stocks-Factors to watch on July 8

UPDATE 1-UK Stocks-Factors to watch on July 8 Adds new items, updates futures July 8 - Britain's FTSE 100 .FTSE index is seen opening l ower on Monday, with futures FFIc1 d own 0 .1%. * BRITVIC: British soft drinks maker Britvic BVIC.L said it has agreed to be taken over by Carlsberg CARLb.CO for 3.3 billion pounds ($4.23 billion), after the Danish brewer sweetened its bid.
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