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Ocado shares drop 18%

Online supermarket Ocado, which has a customer base of 337,000, has seen its share value drop 18% following what has been described as a “cautious” outlook statement. The grocer, which makes half its sales within the M25, is concerned that the travel disruption expected to be caused by the Olympics could have a negative impact on its business.

Ocado chief executive Tim Steiner said “There is uncertainty as to the effect of the forthcoming Olympic games“. Although the company’s revenues rose 11.4% to £308m in the 24 weeks to 13th May 2012, the average order size in the first half of the year had dipped slightly to £113.10.

If you are responsible for the management of shares in your company, this downloadable set of Share Capital and Profits template documents can be used for a range of purposes, from issuing shares to reducing share capital.

Meanwhile, this downloadable Olympics 2012 Guidance for Employers guides employers through the issues that the Olympic and Paralympic Games will pose for businesses. It deals with flexible working, volunteering, annual leave requests and unauthorised absence.

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