Good morning: Wannabe technology stock Ocado continues to defy gravity. With the shares up more than 14 per cent on the year the retailer now trades at a staggering 143 times earnings. The company has updated shareholders this morning on current trading. While sales are up 13.1 per cent the average basket size has fallen by 1.2 per cent to £106.25, the 15th consecutive quarter that order size has declined. With high fixed delivery costs the falling basket size is a worrying trend for investors.

Source: The Times September 19, 2017 08:03 UTC