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UK's online grocer Ocado has reported a narrower first-half loss and raised its guidance. Following the positive results, Ocado's shares rallied and soared, with its technology business leading the growth. The company's performance prompted a tumble in shares initially, labeled as 'underperforming,' but later saw a jump as losses were narrowed and the technology business was boosted.
Ocado shares jump as it narrows losses and boosts technology business https://t.co/vz8VUzDFea
Ocado soars after lifting FY guidance; technology business leading https://t.co/3p8Xprbas5
Ocado shares rally as British online grocer narrows losses https://t.co/316sutyFah
