Master Investor

Carpetright hoovers up £60 million in fresh capital
steved_np3 / Shutterstock.com

Carpetright hoovers up £60 million in fresh capital

0 mins. to read

Carpetright (CPR) has announced plans to raise net proceeds of £60 million via a placing of new shares. Roughly a third of these funds will be used to cover the costs of its company voluntary arrangement and repay outstanding short term debts while the remainder will satisfy the capital expenditure requirements of the firm’s Revised Business Plan.

Ocado’s new deal could push it in to FTSE 100
Jaroslaw Kilian / Shutterstock.com

Ocado’s new deal could push it in to FTSE 100

0 mins. to read

Shares in grocery delivery outfit Ocado (LON:OCDO) soared 278.8p to 827p (as at 14:50 BST) after the company announced that it had inked a deal with US retail giant Kroger. Under the arrangement, Kroger will use Ocado’s technology for food distribution to improve and centralise their online shopping experience. The financial effects of the deal are…