Online... Analysts Sceptical Of Ocado's Worth Despite Interim Results
Ocado, WM Morrison, Online retailers
Ocado shares have fallen 9% in two days despite an upbeat trading statement
after the bank that brought the online grocery retailer to market in July
cut its earnings forecasts. Read more
Ocado Group Plc, the U.K. online
grocer whose shares have slumped since July’s initial public
offering, said sales growth was little changed in the third
quarter as customers spent less on an average transaction. Read more Ocado Group did little to dispel criticism that its July flotation was
overvalued, as it reported subdued third-quarter sales that disappointed
investors and further knocked its share price. Read more
Online grocery retailer Ocado has released its interim results for the
12 weeks to 8 August 2010, reporting a gross sales increase of 29.5% to £126.5
m. Read more
WM Morrison, Britain’s fourth largest supermarket chain, is expected to
announce next week that it will start selling groceries online. Read more
Online retailers lost £2.7bn in revenue in 2009 when customers abandoned
their shopping carts in response to delivery issues, suggests new
research. Read more
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