Online grocer Ocado's shares spiked this morning after it revealed it has struck another international deal. The new agreement to provide its technology to Canadian food retailer Sobeys follows on from its deal with French supermarket giant Group Casino announced in November. Other notable companies out with updates today include Dixons Carphone.
Investors have been buoyed recently but markets in which everything seems to be going up, but that doesn't mean that they should not be more choosy about where to put their money in the year ahead. Ben Kumar, of 7IM, discusses the best places to invest for 2018 with Simon Lambert, of This is Money, and Richard Hunter, of Interactive Investor, on the latest Investing Show.
The big short: Carillion's downfall has left thousands licking their wounds, while a small band of City operators made millions in profits
Sharp hedge fund investors cashed in on Carillion's woes by placing massive bets on the company's failure, our special report has revealed. The so-called short-sellers, who have hauled in profits following the collapse in the share price, include Marshall Wace, the hedge fund founded by Brexiteer Sir Paul Marshall. It held the largest short position in the firm last summer.
Can you hear it? Neither can Ruth Sunderland. Where is the roar of protest from big City investors against the monstrous payout housebuilding firm Persimmon is handing to its boss, Jeff Fairburn? The sum in question - a total of £800 million of shareholders' money going into the pockets of senior managers - is stupendous by any yardstick. Plenty of people have said Mr Fairburn, pictured, doesn't deserve his £100 million-plus reward because it hasn't sprung from his own genius, but from a share price bloated by Help to Buy. It's actually even worse than that: it's the result of a rookie error.
Don't read too much into individual retailers' woes and tumbling shares, says ALEX SEBASTIAN: They are not so much bellwethers for the economy as poorly-performing businesses
Whenever a well-known retailer sees its shares slide after putting out poor results, or even goes out of business altogether, many are tempted to draw wider conclusions. This is not necessarily wise however. While some thing can be gleaned from retailers as a whole in terms of a bellwether for the economy, individual firms, or even handfuls of them are not a reliable gauge.