Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 373.60
Bid: 376.40
Ask: 377.40
Change: -9.90 (-2.58%)
Spread: 1.00 (0.266%)
Open: 381.60
High: 381.60
Low: 359.20
Prev. Close: 383.50
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Annual grocery bills to soar by £380 - Kantar

Tue, 21st Jun 2022 10:43

(Sharecast News) - The average annual grocery bill is set to rise by nearly £400 this year, according to research published on Tuesday, as surging inflation continues to push up prices.

Retail consultancy Kantar said like-for-like grocery prices had risen 8.3% over the past month, up 1.3 percentage points on May and the highest level since April 2009. In the 12 weeks to 12 June, inflation was 6.7%, with the fastest rising prices seen in dog food, butter and milk.

As a result, Kantar now expects average grocery bills to rise by £380, more than £100 higher than its last forecast.

Fraser McKevitt, head of retail and consumer insight, said: "The inflation number makes for difficult reading, and shoppers will be watching budgets closely as the cost of living crisis takes its toll.

"Based on our latest data, the average annual grocery bill is on course to rise by £380. This is over £100 more than the number we reported in April, showing just how sharp price increases have been recently and the impact inflation is having on the sector."

Kantar said supermarket sales fell 1.9% in 12 weeks to 12 June, the best market performance since October 2021, while in the last four weeks, sales rose 0.4% year-on-year. Shoppers looked to have splashed out for the Platinum Jubilee, with sales during the week to 5 June £87m higher than on average in 2022.

Among individual retailers, the discounters continued to benefit from the tough economic climate. Lidl saw sales rise 9.5% year-on-year in the 12 weeks to 12 June, giving it a market share of 6.9%, while Aldi's sales rose 7.9%. It now has a market share of 9.0%.

Among their rivals, Tesco - which has the largest market share of 27.3% - saw sales ease 1.1%, while at J Sainsbury they fell 3.9%. Sales slid 7.2% at Wm Morrison and by 4.8% at Asda.

Sales at Waitrose, part of the John Lewis Partnership, were down 6.4%, and were off 2.3% at Ocado Group, although the online retailer retained its 1.8% market share.

Much of the grocery sector is facing tough comparatives following the record sales seen during the pandemic.

More News
18 Jul 2023 11:58

LONDON MARKET MIDDAY: Ocado leads way but FTSE 100 flat

(Alliance News) - London's FTSE 100 was ever-so-slightly higher heading into Tuesday afternoon, supported by gains for housebuilding stocks on hope UK inflation is easing, and grocer Ocado.

Read more
18 Jul 2023 11:38

ShoreCap 'palpably cautious' when it comes to Ocado

(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it caming to valuing the business.

Read more
18 Jul 2023 10:33

Ocado jumps on return to first-half underlying profit

First-half underlying profit 16.6 mln stg

*

Read more
18 Jul 2023 09:34

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.

Read more
18 Jul 2023 09:09

TOP NEWS: UK grocery price inflation ebbs at fastest pace since peak

(Alliance News) - UK grocery price inflation calmed once again, market research from Kantar showed on Tuesday, while supermarket sales got a boost from more summer staples such as hay fever medication and strawberries moving through the tills.

Read more
18 Jul 2023 08:47

Ocado not pursuing takeover offers, says boss

LONDON, July 18 (Reuters) - Ocado Group, the online supermarket and technology group, is not looking to be taken over, its boss said on Tuesday.

Read more
18 Jul 2023 08:46

TOP NEWS: Ocado backs outlook and hails "good progress" in half-year

(Alliance News) - Ocado Group PLC on Tuesday affirmed yearly guidance with both its grocery and warehouse technology arms seeing half-year revenue growth.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:31

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after keeping its financial guidance for the year as it reported a return to underlying profit in its first half.

Read more
18 Jul 2023 08:19

Ocado CEO declines to comment on Amazon speculation

LONDON, July 18 (Reuters) - The chief executive of British online and technology group Ocado said he had nothing to say when asked about speculation of a takeover by U.S. group Amazon.

Read more
18 Jul 2023 07:48

LONDON BRIEFING: Ocado backs annual guidance as interim loss widens

(Alliance News) - Stocks in London are set to tread water on Tuesday, as investors look ahead to US corporate earnings and economic data.

Read more
18 Jul 2023 07:06

Ocado keeps guidance after return to first half underlying profit

LONDON, July 18 (Reuters) - Ocado the British online supermarket and technology group, whose shares surged last month after a report of possible takeover interest from Amazon, kept its financial guidance for the year as it reported a return to underlying profit in its first half. (Reporting by James Davey; Editing by Kate Holton)

Read more
18 Jul 2023 07:03

Ocado holds guidance after swinging to profit in H1

(Sharecast News) - UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be "marginally positive" for the full year.

Read more
17 Jul 2023 00:01

UK consumer group calls for government action on grocery prices

Competition watchdog to publish report on grocery prices

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.