This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-40157539

The article has changed 4 times. There is an RSS feed of changes available.

Version 0 Version 1
Ocado soars on first overseas deal Ocado boosted by first overseas deal
(about 3 hours later)
Ocado has surged to the top of the FTSE 250 after the online retailer announced it had secured a delivery deal with a European retailer to set up an online grocery service. Ocado shares have risen after the online retailer said it had secured a delivery deal with a European retailer to set up an online grocery service.
Ocado's shares rose 5% in early trading as investors hailed the firm's first overseas deal, which it had originally pledged to secure by the end of 2015. Ocado's shares initially surged 7% but by noon were just 1.8% higher as investors hailed the firm's first overseas deal, which it had originally pledged to secure by the end of 2015.
Ocado did not name the retailer or say how much the deal was worth.Ocado did not name the retailer or say how much the deal was worth.
The wider FTSE 100 was flat, ticking up just 0.02% at 7,549.10. The wider FTSE 100 was slightly lower, slipping 0.3% to 7,527.22.
Neil Wilson, analyst at spread betting firm ETX Capital, said it was still unclear what value the deal would bring to Ocado.Neil Wilson, analyst at spread betting firm ETX Capital, said it was still unclear what value the deal would bring to Ocado.
"We don't even know who the company is - Ocado simply dubs it a 'regional' retailer (not a national one). This is progress after a lot of promises, but it's not exactly like doing a deal with Wal-Mart - yet," he said."We don't even know who the company is - Ocado simply dubs it a 'regional' retailer (not a national one). This is progress after a lot of promises, but it's not exactly like doing a deal with Wal-Mart - yet," he said.
Wolseley was the top riser on the blue-chip index, ticking up 0.8% after the plumbing supplies firm rating was upgraded to "overweight" by JP Morgan. Old Mutual was among the biggest risers, gaining over 2%.
The firm was continuing to gain from Friday's announcement that the firm's wealth management arm had snapped up the financial adviser network Caerus Capital Group.
Wolseley also ticked higher, rising 0.4% after the plumbing supplies firm rating was upgraded to "overweight" by JP Morgan.
The US bank said it expected Wolseley's earnings from its US business to increase.The US bank said it expected Wolseley's earnings from its US business to increase.
Mining stocks were among the top losers with Antofagasta down 3.6% and Anglo American down 2.2%. Mining stocks were among the top losers with Antofagasta down 2.7% and Anglo American down 1.4%.
The pound was down 0.2% against the dollar at $1.28690 and 0.04% lower against the euro at 1.142 euros. The pound was up 0.09% against the dollar at $1.29020 and 0.46% higher against the euro at 1.14477. euros.