Ocado Share News (OCDO)

UK online grocer Ocado Retail cuts growth forecast in tough market

LONDON, May 25 (Reuters) - Ocado Retail, the British online grocer owned by Ocado Group and Marks & Spencer , slashed its growth outlook on Wednesday as its customers ordered fewer items against the backdrop of a growing cost of living crisis.

M&S warns on outlook as profits spark

(Sharecast News) - Marks & Spencer reported a jump in annual earnings on Wednesday, boosted by a strong performance in food, but warned that growing headwinds could curtail profits in the current year.

Grocery inflation hits 13-year high

(Sharecast News) - Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis continued to mount.

TOP NEWS: UK grocery price inflation reaches 13-year high - Kantar

(Alliance News) - UK supermarket sales have weakened in recent weeks, while grocery inflation accelerated to the highest level since May 2009, figures on Tuesday showed.

Ocado buys US robot startup for €10.2m

(Sharecast News) - Ocado Group on Monday said it was buying US robotics startup Myrmex for €10.2m (£8m).

Self-driving startup Wayve taps Microsoft for 'supercomputer muscle'

LONDON, May 18 (Reuters) - British startup Wayve said on Wednesday it will use supercomputer infrastructure designed for the firm by its investor Microsoft to process vast amounts of data as it develops machine learning-based models for self-driving cars.

Made.com shares plunge on lower 2022 outlook; appoints new CFO

(Alliance News) - Shares in Made.com Group PLC plunged on Monday after the furniture retailer lowered its guidance for 2022 due to "highly challenging" market conditions.

AutoStore Q1 revenue and profit beat forecast

OSLO, May 12 (Reuters) - Norwegian robotics firm AutoStore posted on Thursday a bigger-than-expected rise in first-quarter revenue and core earnings, and maintained its full-year guidance as order intake contibued to rise.

IN BRIEF: Ocado Technology CEO buys shares in Ocado Group

Ocado Group PLC - Hatfield, Hertfordshire-based online grocer - James Matthews, chief executive officer of Ocado Technology division, buys 11,063 Ocado Group shares at GBP7.93 per share, worth GBP87,731, on Wednesday. Matthews became CEO of Ocado Technology in 2018.

Director dealings: Ocado chair invests £0.1m, UP execs sell into family ISAs

(Sharecast News) - Ocado Group was at the top of a long list of director buys on Tuesday afternoon, after its non-executive chair spent more than £0.1m on shares.

LONDON BROKER RATINGS: HSBC raises Ocado to 'hold' from 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

LONDON BRIEFING: Shell reports bumper profit despite Russia exit cost

(Alliance News) - Shell on Thursday reported a substantial rise in first-quarter earnings due to the surging price of oil, even as it joined energy peers in taking a write-down from exiting Russia following the invasion of Ukraine.

IN BRIEF: Ocado sees some AGM discontent over incentive plan

Ocado Group PLC - FTSE 100-listed online grocer - Sees some minor shareholder rebellions at its annual general meeting on Wednesday. All resolutions were passed by shareholders, though proposals to approve director's remuneration policy and to approve amendments to the Ocado Group 2019 Value Creation Plan both see opposition from 29% of votes cast.

Ocado shareholders revolt over CEO bonus plan

(Sharecast News) - Just under 30% of Ocado shareholders voted against its directors' policy pay at the annual general meeting on Wednesday.

UK shareholder meetings calendar - next 7 days