Ocado

Virgin Wines UK PLC (AIM:VINO) has announced a new partnership with Ocado.com, allowing Ocado customers to buy individual bottles of wine from the Virgin Wines portfolio for the first time. Starting on October 2, 50 wines selected by both Virgin Wines and Ocado will be available through Ocado's platform. » Mehr auf proactiveinvestors.co.uk

Although the magnitude of Ocado Retail's revenue upgrade wasn't large, the key point is the "exceptionally strong" growth for the past quarter, analysts said, showing the sort of growth that 50% owner and technology provider Ocado Group PLC (LSE:OCDO) can deliver for its third-party clients in other countries. The third-quarter update showed signs that "the business is executing well", with double-digit growth in sales volume important for both profit margins and for "broader sentiment", said Barclays analyst Sarah Roberts. » Mehr auf proactiveinvestors.co.uk

Ocado Retail has raised its full-year sales guidance after reporting improved revenue growth for the third quarter, driven by growth in customer numbers. The business, which is a 50-50 joint venture between Ocado Group PLC and Marks and Spencer Group PLC, said it now expects to grow its top line by a "low double digit" percentage up from its previous guidance of "mid-high single digits" growth. » Mehr auf proactiveinvestors.co.uk