Financial News

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

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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…

PaddyPower Betfair looking at merger to profit in US
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PaddyPower Betfair looking at merger to profit in US

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PaddyPower Betfair (PPB) may once again be on the merger market after Monday’s US Supreme Court decision. The company this morning confirmed that it was in discussions with US fantasy sports operator FanDuel to create a combined business targetting the US sports betting market.

EasyJet gets a rise as losses drop sharply
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EasyJet gets a rise as losses drop sharply

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Budget airline EasyJet (LON:EZJ) narrowed losses over the six months ended 31st March to £18 million, helped by rival operators’ reduced capacity and the Easter period being partially within the half-year. Passenger numbers were up by 3 million to 36.8 million, leading to a 19% increase in total revenues, which climbed to £2.18 billion. Part of…

UK Labour Market strengthens during Q1 2018

UK Labour Market strengthens during Q1 2018

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The UK employment rate hit its highest level since records began in 1971 during the 1st quarter of 2018 according to the ONS, with 75.6% of the working age population having a job. The unemployment rate dropped to 4.2%, which was 40 basis points lower than the year earlier. However, this expansion in employment coupled…

IWG shares continue to climb on takeover speculation

IWG shares continue to climb on takeover speculation

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Shares in office space provider IWG (LON:IWG) have continued to rise today following the company’s confirmation on Friday evening that it had recently received separate takeover approaches from three firms. Management said that shareholders would be updated about any further developments in due course. At this time, there is no guarantee that any offers will be…