Ocado holds guidance after swinging to profit in H1

(Sharecast News) - UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be "marginally positive" for the full year. The company on Tuesday posted a core profit of £16.6m compared with a loss of £13.6m a year earlier. Shares in the firm spiked last month on rumours of a possible bid from online giant Amazon.

Reporting by Frank Prenesti for Sharecast.com