Ocado

Ocado has issued 871,451 new ordinary shares that have been admitted to trading on the London Stock Exchange. The allocations took place between 8 July and Sunday under the Ocado Share Incentive Plan and the Ocado Restricted Share Plan. After the issue, the total number of shares admitted to trading is 846,128,721; nominal value per share 2 pence, ISIN GB00B3MBS747. » Więcej na de.investing.com

JPMorgan has raised its target price for Ocado from 245 to 290 pence and confirmed its "Overweight" rating. The analysts cite improved operational execution and point to a new contract for a customer fulfilment centre with a European retailer. Ocado shares rose by around 2.8% after the announcement. » Więcej na de.investing.com

Tim Steiner has again extended the settlement dates for forward sale agreements covering a total of 10,000,000 Ocado shares in favour of his father, Nicolas Steiner. The third tranche (2,000,000 shares) was moved to 24 July 2027, the fourth to 24 July 2028, and the remaining three tranches (each 2,000,000) to 24 July 2029. No additional consideration is payable for the extensions; Tim Steiner retains beneficial ownership of the shares until completion, and the other contractual terms remain unchanged. » Więcej na de.investing.com