Ocado's Sales Growth, Lack of Profit Will Be in Focus at 1H Results1002 GMT - Ocado should expect investors to focus on sales growth, its retail business and profits when the reporting 1H results next week, AJ Bell financial analyst Danni Hewson writes in a research note. For the U.K. online grocer and retailer's fiscal 2023, analysts are looking for 11% revenue growth to GBP2.8 billion, which would be a fair benchmark for the first half, Hewson says. Profit, or the lack of it, will also be in question as consensus sees the pretax loss narrowing to GBP436 million, Hewson says. The news comes a day after Channel 4, one of the production company's customers, said it was unhappy about the potential acquisition as it would harm competition in the market, Hewson says. (philip.waller@wsj.com)---Burberry's 1Q Europe Sales Growth Seen as Encouraging0957 GMT - Burberry's 1Q performance was lifted by China, which accounts for 25% of its sales, but it also was encouraging to see the double-digit sales growth in Europe as the travel industry recovers, eToro analyst Mark Crouch says in a note.

Source: Wall Street Journal July 14, 2023 11:17 UTC