Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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: 355.90
Bid: 355.70
Ask: 356.00
Change: 2.80 (0.79%)
Spread: 0.30 (0.084%)
Open: 356.90
High: 359.10
Low: 350.10
Prev. Close: 353.10
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ocado faces second AutoStore lawsuit in UK

Mon, 09th Nov 2020 15:38

LONDON, Nov 9 (Reuters) - British online supermarket and
technology group Ocado was hit on Monday with a second
legal claim over patents by Norwegian robotics company
AutoStore.

While in last month's lawsuit AutoStore alleged Ocado
infringed patents, its latest action seeks to confirm that it is
the inventor and rightful owner of certain patents that have
been filed by Ocado.

AutoStore said the action was filed at the UK's Intellectual
Property Office, which it said was standard procedure before
transfer to the High Court of England & Wales.

Ocado dismissed the claim and said it would fight it.

The company has only a 1.8% share of Britain's grocery
market. However, its state-of-the-art technology for robotically
operated warehouses has spawned partnership deals with
supermarket chains around the world, underpinning a stock market
valuation of over 19 billion pounds ($25 billion).

AutoStore said its new claim concerned patents filed by
Ocado since June 2014 relating to the methods, systems and
apparatus for controlling the movement of robots in systems such
as the Ocado Smart Platform (OSP).

AutoStore said Ocado filed patents covering technologies
that were invented by AutoStore and claimed numerous Ocado
executives as "inventors," including Chief Executive Tim
Steiner.

"Ocado took advantage of being our customer and having
access to AutoStore’s market-leading technology and then
attempted to assert ownership over what it had learned from
AutoStore by filing its own patents," said AutoStore CEO, Karl
Johan Lier.

Ocado said AutoStore's claim had no merit.

"Any suggestion that we have taken their IP (intellectual
property) is absurd," Ocado said in a statement.

"These inventions are ours and we will continue to defend
our intellectual property by whatever means necessary."

Shares in Ocado, up 74% so far this year, were down 14% at
1505 GMT, also hit by Pfizer saying its experimental
COVID-19 vaccine was more than 90% effective. A successful
vaccine could curtail a recent boom in online grocery shopping.

($1 = 0.7595 pounds)
(Reporting by James Davey; Editing by Mark Potter)

More News
16 Oct 2023 10:24

Barclays downgrades Ocado, shares slide

(Sharecast News) - Ocado was under the cosh on Monday after Barclays downgraded shares of the online supermarket to 'underweight' from 'equalweight' and slashed the price target to 430p from 680p, pointing to a "particularly challenging" valuation.

Read more
16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

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

Read more
16 Oct 2023 08:51

LONDON MARKET OPEN: Stocks steady as eyes on oil, Israel, US earnings

(Alliance News) - Stock prices in London made little headway at Monday's market open, as the prospect of escalation in the Middle East prompted investors to be cautious.

Read more
16 Oct 2023 07:44

LONDON BRIEFING: Hipgnosis pulls interim dividend on lower royalties

(Alliance News) - The FTSE 100 is likely to open higher on Monday, benefitting from higher oil and gas prices, while fears of escalating regional conflict in the Middle East damp risk sentiment elsewhere.

Read more
10 Oct 2023 16:34

London close: Stocks finish higher on dovish Fed rhetoric

(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.

Read more
10 Oct 2023 12:01

LONDON MARKET MIDDAY: Stocks push higher as rate rise fears ebb

(Alliance News) - Stock prices in London were sharply higher at midday on Tuesday, buoyed by comments from US Federal Reserve officials indicating that interest rate rises in the world's largest economy may be at an end.

Read more
10 Oct 2023 08:50

LONDON MARKET OPEN: Stocks higher; UK grocery price inflation cools

(Alliance News) - Stock prices in London opened higher on Tuesday morning as dovish words from two senior Federal Reserve officials on Monday outweighed geopolitical concerns around the current conflict in the Middle East.

Read more
10 Oct 2023 08:44

TOP NEWS: UK grocery price inflation cools; sales lifted by promotions

(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.

Read more
2 Oct 2023 09:17

RWS confirms appointment of chair-designate as new independent chair

(Alliance News) - RWS Holdings PLC on Monday confirmed the appointment of Julie Southern as independent non-executive chair, as anticipated in its late-July announcement.

Read more
27 Sep 2023 17:00

LONDON MARKET CLOSE: European stocks fall but dollar rises on unease

(Alliance News) - European stocks suffered another underwhelming day on Wednesday, with sizeable uncertainty hanging over global equity markets as the final quarter of a tricky year approaches.

Read more
26 Sep 2023 16:54

LONDON MARKET CLOSE: Stocks suffer on US government shutdown fear

(Alliance News) - London's FTSE 100 outperformed on a day of wider risk aversion for global markets, with US government shutdown fears keeping a lid on enthusiasm.

Read more
22 Sep 2023 16:57

LONDON MARKET CLOSE: Europe struggles as New York recovers

(Alliance News) - Blue-chip stocks in Europe closed largely lower on Friday, as interest rate worries in the US kept a lid on enthusiasm at the end of the week.

Read more
21 Sep 2023 16:56

LONDON MARKET CLOSE: Hawkish Fed hits risk appetite as BoE hurts pound

(Alliance News) - Stock prices in Europe closed lower on Thursday as hawkish words from the Federal Reserve hit equities, while the FTSE 100 ended off morning lows but failed to cling onto the gains it made after the Bank of England stood pat on interest rates.

Read more
20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

Read more
19 Sep 2023 14:04

FTSE 100 movers: Kingfisher down 11% after profit warning

(Sharecast News) - Kingfisher lost more than a tenth of its market value on Tuesday after the DIY retail conglomerate warned shareholders that it would have to scale back profit guidance this year.

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.