The Trader 

Market Outlook: Do you ‘ave Ocado?

The Trader

In fact, the question was posed yesterday by a girl to her pal as they were on their way to visit boyfriends at Wansdworth prison.  A little later, online supermarket Ocado - which now wants people to think of it as a logistics and technology company – announced a landmark tie-up with US grocer Kroger.  On the news, the share price rallied by 81 per cent, to end up 43 per cent on the day.  The rally was exceptionally large because the company has, for years, been a favourite for hedge funds to sell short.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now