(Sharecast News) – UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be “marginally positive” for the full year.
The company on Tuesday posted a core profit of £16.6m compared with a loss of £13.6m a year earlier. Shares in the firm spiked last month on rumours of a possible bid from online giant Amazon.
Reporting by Frank Prenesti for Sharecast.com
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