Ocado lands Asda as Smart Platform partner
Ocado Group (LSE:OCDO) struck a commercial agreement with Asda to deploy its Ocado Smart Platform across the grocer's UK ecommerce estate, with rollout across stores and dark stores scheduled to begin in 2027. The deal represents a significant expansion of the platform's domestic footprint, pairing one of the UK's largest supermarket chains with Ocado's proprietary fulfilment and logistics technology. Shares in Ocado rose 6.05% to 220.8p on the announcement.
MedPal AI posts first revenues with pharmacy run rate above £5m
MedPal AI (LSE:MPAL) reported its maiden revenues for the six months to 28 February, recording £1.60m in turnover as the company moved out of a pre-revenue position. The result came alongside a loss after tax of £3.27m, reflecting continued heavy investment in the business, though management highlighted that its pharmacy run rate has now topped £5m annually. Shares edged up 3.06% to 2.525p.
Panmure Liberum lifts IQE price target following MACOM investment
IQE (LSE:IQE) received a price target upgrade from Panmure Liberum, which raised its target to 50p from 40p in the wake of MACOM's strategic investment in the compound semiconductor wafer specialist. The broker maintained its Hold rating, signalling that while the MACOM deal has improved the investment case, upside from current levels remains in its view. The shares fell 6.02% to 47.65p on the session, leaving the stock just below the revised target.
Smarter Web Company adds nine Bitcoin to treasury
Smarter Web Company (LSE:SWC) acquired a further nine Bitcoin at an average price of £54,771 each, continuing to build out its digital asset holdings alongside its core web services business. The purchase adds to an existing treasury position as the company pursues its dual-track strategy. Shares ticked up 1.19% to 29.755p.
