Ocado Slides, WH Smith Dips, Jet2 Jumps
On this episode of Stock Movers:
- Ocado shares slump after its biggest customer, US grocer Kroger Co., said its automated warehouse network is falling short of financial expectations and announced the closure of three sites.
- WH Smith shares fall only modestly in early trading as analysts find some positives amid the publication of an independent review by Deloitte that led to the resignation of CEO Carl Cowling.
- Jet2 shares rise the most since April, after the budget airline reassured investors concerned about recent weakness in prices by reiterating it should meet underlying profit expectations this year.
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