Shorts stay put as Ocado cap raise delivers 24% bounce

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

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Shorts stay put as Ocado cap raise delivers 24% bounce

Ocado, the UK grocery delivery firm with the love-it-or-hate equity story, raised £36m on Monday through an oversubscribed placing of new shares with existing shareholders, as it announced a new lending deal that staves off fears of the company breaking its covenants.

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