In April, the firm issued its first quarter statement, and it revealed that net income increased by 12% to £4.1 billion.

Ocado’s share price has seen a huge amount of volatility in the past few years. The lockdowns sent the stock soaring as traders took the view that online grocery delivery would remain popular even after the pandemic, which it did to a certain extent, but now the repercussions of the pandemic have severely dented the stock.

Sterling remains the talk of the town as the Bank of England purchased long-dated gilts as a way of keeping yields under control.

Traders were in risk-on mode for much of the European session as the fears that have been hanging over markets recently faded a little.