The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 360.00
Bid: 358.20
Ask: 358.50
Change: 4.40 (1.24%)
Spread: 0.30 (0.084%)
Open: 365.30
High: 374.00
Low: 357.90
Prev. Close: 355.60
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
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
16 Jan 2024 07:16

Ocado forecasts return to FY positive core earnings as sales rise

(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.

Read more
16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

Read more
15 Jan 2024 15:37

London close: Stocks mixed on relatively quiet Monday

(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.

Read more
10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

Read more
5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

*

Read more
3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

Read more
20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

Read more
19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

Read more
19 Dec 2023 07:00

Not just for Christmas: Britain's M&S targets more regular food shoppers

M&S food shopper numbers jump at Christmas

*

Read more
14 Dec 2023 17:19

UK's FTSE 100 hits 12-week high, but trims gains after BoE rates pushback

BoE holds rates at 5.25%

*

Read more
14 Dec 2023 16:40

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.

Read more
14 Dec 2023 13:03

Broker tips: Compass, Marston's, Ocado, Hochschild

(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.

Read more
14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

Read more
14 Dec 2023 09:57

Ocado shares jump but Goldman sees little upside

(Sharecast News) - Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.

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.