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Home » UK Shares » Three Quick Facts » Three Quick Facts: Ocado, Mears Group and Quantum Blockchain

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Ocado extends partnership with Groupe Casino

Ocado (LON:OCDO) has this morning advised the market that it has announced the completion of agreements to extend its partnership with Groupe Casino in a move which is consistent with the MoU published back in February. The company sees this as a significant milestone in its work with another major retailer and comes after the stock lost almost 5% in yesterday’s trade.

#2. Mears growth reflected in half year results

Mears Group (LON:MER) have provided a half-year pre-close trading update for the six months to 30th June. Revenues and operating margins both came in ahead of the comparative, whilst the defensive nature of the business means it should be well positioned to face the mounting economic headwinds. Results for H1 will be published in early August.

#3. Quantum Blockchain: crypto miner posts full year figures

There’s a fairly long note of final results out from Quantum Blockchain (LON:QBT) today, covering the year to 31st December. The combination of falling underlying prices and rising energy – along with other input – costs has made for the proverbial “perfect storm” here, but management are keen to stress that the company is working to focus on knowledge to solve how to bring down mining costs by exploiting features in the mining algos, rather than just throwing more money at the problem. However with total losses more than quadrupling to EUR5.4 million and mounting current liabilities, the key will be maintaining investor confidence.


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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