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Home » UK Shares » Three Quick Facts » Three Quick Facts: Ocado, and BATM Communications

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Ocado JV signed with Groupe Casino in France

Ocado [LON:OCDO] have issued an MOU to extend their partnership in France with Groupe Casino and create a new JV between the to companies. With no initial capital costs required from either side, there’s arguably little cause for concern amongst shareholders here, but looks set to harness the growing popularity of online grocery shopping right across the country. Further details are limited, but the M&S JV has evidently been a lucrative play.

#2. energy crisis hits performance Group [LON:MONY] has published full year results this morning and it feels as if the company is very much caught in a perfect storm right now. Spiralling energy prices have ended the constant churn of consumers, whilst insurance products are also softer. It’s not all bad news however as the easing of travel restrictions has buoyed sentiment for this division. The company has managed a 4% margin improvement as a result of efficiencies, revenues are down and the £22m cash position of a year ago has morphed into a £60m debt. Regardless, the dividend is being maintained, as management look to signal confidence in future performance.

#3.  BATM Communications full year results tipped to be better than expected

AIM listed BATM Communications [LON:BATM] has published an update this morning ahead of its full year results at the end of the month. The company notes it is set to report full year revenues slightly ahead of market expectations and that looking ahead, the order backlog continues to grow.


This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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