The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

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: 410.40
Bid: 410.10
Ask: 410.90
Change: 36.60 (9.79%)
Spread: 0.80 (0.195%)
Open: 377.00
High: 417.00
Low: 377.00
Prev. Close: 410.40
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Grocery sales rise more than £500m in April

Tue, 28th Apr 2020 08:40

(Sharecast News) - Grocery sales rose by more than £500m in April as the Covid-19 lockdown continued to affect households' shopping and eating habits, a survey showed.
Total grocery sales increased £524m - a 5.5% increase from a year earlier, Kantar's monthly figures showed. The increase was a slowdown from the 21% rise recorded in March as shoppers panic-bought at the start of the coronavirus crisis.

Kantar said April's rise was mainly caused by changing habits rather than the mass stocking up of a month earlier. The number of lunches eaten at home has almost doubled during the lockdown and restaurant closures mean people are cooking their own dinners more.

The average number of visits to grocery stores was 14 in April, down from 17 in normal times and a record low. The average purchase was £26.02 - £7 higher than a year earlier and easily the highest recorded, Kantar said.

In the 12 weeks to April all grocers increased sales with business rising 9.1% overall though Kantar warned this rise was partly offset by lower sales of non-food products sandwiches and snacks. The biggest individual gainer was the mutually owned Co-op whose convenience stores had a 20% increase. Sales at franchises such as Spar and Londis and independent grocers surged 41%.

Of the big four supermarkets, Sainsbury's was the biggest gainer, increasing sales by 8.4% over 12 weeks. Tesco rose 7.2%, Morrisons 4.3% and Walmart owned Asda increased sales by 3.5%. Lidl sales rose 14.8% and rival German challenger Aldi's sales increased 8.8%.

Iceland's sales rose 16.6% and Ocado's were up 19.4% as shoppers opted for frozen food and did more online shopping during the lockdown.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "People are spending more time at home and eating fewer meals out of the house, which has led to a strong growth in take-home grocery sales. But social distancing also means that expenditure on other categories like clothes, food bought on the go and general merchandise will have been considerably lower, so for some retailers, the overall picture will be more modest."



More News
22 Jul 2023 13:58

AutoStore, Ocado settle all patent litigation claims

July 22 (Reuters) - AutoStore Holdings and Ocado Group have reached an agreement to settle all patent litigation claims between them, the two firms said on Saturday. (Reporting by Anirudh Saligrama in Bengaluru; editing by Jason Neely)

Read more
21 Jul 2023 09:33

LONDON BROKER RATINGS: Jefferies raises Hargreaves Lansdown to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
19 Jul 2023 09:17

LONDON BROKER RATINGS: Exane raises Segro; Goldman likes Aston Martin

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

Read more
18 Jul 2023 17:27

European shares boosted by Novartis, telecom stocks slide

STOXX 600 up 0.6%, Swiss stocks outshine peers

*

Read more
18 Jul 2023 17:04

UK stocks end higher on US bank earnings cheer, homebuilders rally

Homebuilders log best day in five months

*

Read more
18 Jul 2023 16:49

LONDON MARKET CLOSE: Stocks upbeat ahead of key UK inflation print

(Alliance News) - Stocks in London ended firmly in the green on Tuesday, with the FTSE 100 lifted by a strong performance from housebuilding stocks and a very well-received update from online grocer and warehouse technology firm Ocado.

Read more
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

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.