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Ocado shares up after it raises guidance

The company may need another capital injection and has £1.5bn of debt to refinance
July 16, 2024
  • Mixed CFC news
  • Capital expenditure cut

Ocado (OCDO) shares rose 9 per cent after the grocery tech business increased its annual guidance and cut its half-year loss, but they have been volatile this week after plunging on the day before the results following a brutal analyst note. 

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