FTSE LIVE: Ocado strikes another international deal

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.

We understand the broadcaster has offered to make concessions on its highly regarded news channel, such as putting it in the hands of an independent trust.

Emmerson Mnangagwa will set out his vision for the country during a 30-minute address at the annual World Economic Forum meeting in Davos, Switzerland.

The bargain chain was bought by Steinhoff International for £600m in 2016. Although Poundland remains profitable, an accounting scandal has seen its parent's share price slump 86 per cent.

There is no room for complacency about the impact of the Carillion implosion on private sector involvement in government projects and the reputation of the City.

The firm said like-for-like sales growth hit three per cent in the UK and Ireland over the 10 weeks to January 6, with revenue up six per cent on the year previously.

Ocado has signed its second major international partnership with Canadian food retailer Sobeys, sending the British online grocer's shares up 9 per cent.

GKN said it now has a record £2bn order book for its high-tech components, which power the hybrid BMW i8 and Porsche 918 Spyder.

Investec reckons that Virgin Money will shrug off a crackdown on credit card lending by the Bank. But Debenhams is one of Britain's most shorted stocks - meaning investors are betting shares will fall.

Express owner Richard Desmond will become one of Trinity Mirror's biggest shareholders if the tie-up goes ahead. He will reportedly pick up more than £100m in cash from the deal.

Sebastian James, who has been at the helm for six years, is leaving at the end of April to take charge of High Street chemist Boots. He will be replaced by Alex Baldcock.

Where are the best places to invest in 2018?

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.

City operators made millions following Carillion's demise

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.

Four bosses at corporate raider Melrose are in line to share £285 million in bonuses if they make a success of their takeover bid for engineering giant GKN, The Mail on Sunday can reveal.

In a ruling yesterday, the telecoms giant was barred from changing the way it calculates pension rises for 83,000 current and former workers.

The publisher of magazines for airlines ranging from easyJet to Etihad has been put up for sale amid predictions it will fetch £70m. Ink produces 28 magazines in ten languages

Brian Ashford-Russell offloaded the shares, which are up 33 per cent over the past year, for 518p each. He was manager of the Polar Capital Technology Trust when it launched in 1996.

Investors' nerves were shot as flooring specialist Carpetright and funeral services firm Dignity issued profit warnings. Budget fashion retailer Bonmarche also reported dismal Christmas sales.

Discount food retailer Lidl has come under fire for an 'aggressive' expansion plan that has left local businesses struggling to find new premises.

In a multi-million pound revamp Thomas Cook is to transform family holidays by allowing customers to tailor individual bits of their trip to their needs.

Hedge funds are tipping the share prices of Debenhams, Sainsbury's and Pets At Home to plummet as the High Street continues its struggle against online competition.

He might sound like a dodgy brand of men's aftershave, but there is growing consensus that engineering tycoon Elon Musk might is an artificial cyborg, created by science to save mankind.

The firm was forced to issue a profit warning after customer footfall and orders dropped off significantly during its crucial post-Christmas sales period.

Carillion has left enormous debts

What is likely to happen to the directors of Carillion who were in charge while the group lurched towards the rocks, leaving enormous debts, unbuilt hospitals, a black hole in the pension fund and nervous employees in its wake. Not much, is the depressing answer.

ALEX BRUMMER: GKN must sharpen up

The trouble with former Chancellor George Osborne's 'march of the makers' is that so many of Britain's big engineers are not up to scratch. We are not alone in this, as illustrated by the plans of newish GE boss John L Flannery to split open America's premier industrial conglomerate.

Protest needed over monstrous Persimmon payouts

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.

Be careful not to read too much into retailers’ fortunes

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.