Ocado Group, the UK based technology-led software and robotics platform business, saw its share price soar by approximately 15% after announcing first half earnings. One of the main positive takeaways from the results was that Ocado has been delivering on its promise of reducing its cash burn. The company also announced that group revenue grew by 9% year on year, with its Technology Solutions division seeing revenue increase by 59% year on year. Investors viewed this announcement positively and believe that the company is well positioned to deliver on its long-term objectives... Stocks featured: Ocado Group, Wise and Persimmon To find out more about the investment management services offered by Walker Crips, please visit our website: https://www.walkercrips.co.uk/ This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.