Last checked at 6 Sep 2023 14:54
Crisis-hit NatWest picks Haythornthwaite as chairman
Ocado chair set to take over as NatWest chair in April
*Read more
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Ocado Share News (OCDO)
OCDO Share
Price
OCDO Share
News
OCDO Share
Chat
OCDO Share
Trades5,588
OCDO
Live RNS
OCDO Share
Charts
OCDO Level 2
Console
OCDO Live
Share Price
OCDO Broker
Ratings
OCDO Directors
Deals
OCDO Financial
Diary
OCDO
Fundamentals
OCDO Short
Positions8
OCDO
Media
Ocado Information
Share Price Information for Ocado (OCDO)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
352.10
Bid:
352.00
Ask:
353.10
Change:
8.60 (2.50%)
Spread:
1.10 (0.313%)
Open:
344.40
High:
356.70
Low:
332.90
Prev. Close:
343.50
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Ocado sees only temporary setback from Andover fire
Tue, 19th Mar 2019 07:23
(Sharecast News) - Ocado's sales were only slightly dented by the huge fire at one of its robot-operated depots during the quarter, but the full impact is still not yet known.The online grocery specialist reported 11.2% growth to £404m in the first 13 weeks of its new financial year to 3 March and said the fire at its Andover warehouse has been "a setback, but will be only a temporary one". This growth compared to 12.0% in the fourth quarter of last year and and 11.7% in the first, which included a 1% impact from the Beast from the East bad weather.The early February fire at the Hampshire warehouse, Ocado's third of four UK 'customer fulfilment centres', removed the equivalent of 1.2% of sales in the quarter, the company said.A fourth CFC at Erith in south-east London has ramped up to nearly 37,000 orders per week from 30,000 in the preceding quarter and the company's plans to minimise the disruption include setting up a "temporary spoke" in Andover and growing capacity in Erith faster than envisaged.An investigation into the causes of the fire is still ongoing, with the initial assessment giving management confidence that there are "no significant implications for the risk profile of the assets or the viability of our model".As well as the examination of the causes of the fire, the company is also analysing the best means of rebuilding Andover and said it will update on its plans to replace the capacity in both the short and medium term and the impact that these will have on its full-year target for 10-15% retail revenue growth."Over the last few weeks, our teams have been working hard to minimise any disruption to our customers and we will build a state-of-the-art replacement facility that reflects all the innovations and improvements we have made since Andover opened in November 2016," said chief executive Tim Steiner.Average orders per week came in at 314,000, up 11.3% from the same period a year ago, but average order sizes was down 0.2% to £110.24.The period finished with cash of £390.7m in the bank and external borrowings of £288.5m.Ocado shares hit new all-time high of 1,192 in early trading on Tuesday, up almost 3% on the day.Broker Numis said it was a "resilient result" given the fire. "We infer a strong underlying growth trend and substantial mitigation of the impacts of the fire, leading us to reverse much of the revenue growth reduction that we put through in late February."Analyst James Lockyer at Peel Hunt noted that the sales growth was towards the lower end of full-year guidance and compares to consensus forecast of 12.0% and his own for 12.7%.
More News
6 Sep 2023 14:03
UPDATE: NatWest confirms Ocado's Haythornthwaite as chair from April
(Alliance News) - NatWest Group PLC on Wednesday confirmed it has appointed Rick Haythornthwaite as its new chair from April 15 next year, the move coming less than two months after the bank replaced its chief executive amid a row over the de-banking of UK politician Nigel Farage.
Read more6 Sep 2023 13:43
6 Sep 2023 13:18
PRESS: NatWest picks former Centrica chair as new chair - Sky News
(Alliance News) - Rick Haythornthwaite, former chair of British Gas-owner Centrica PLC, will succeed Howard Davies as chair of NatWest Group PLC, Sky News reported on Wednesday.
Read more6 Sep 2023 09:32
LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read more5 Sep 2023 08:51
LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears
(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.
Read more24 Aug 2023 08:23
UK supermarket Asda launches fresh round of price cuts
LONDON, Aug 24 (Reuters) - British supermarket Asda on Thursday followed rivals Ocado Retail and Sainsbury's in announcing a fresh round of price cuts, adding to the downward trajectory in UK food inflation.
Read more23 Aug 2023 10:24
Britain's Ocado Retail and Sainsbury's cut prices again
Ocado Retail cuts prices of 200 products
*Read more23 Aug 2023 00:01
22 Aug 2023 16:56
LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak
(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.
Read more15 Aug 2023 11:56
LONDON MARKET MIDDAY: FTSE 100 down as wage growth sparks rate fears
(Alliance News) - Stock prices in London were lower at midday on Tuesday, as wage growth fuelled talks of the Bank of England's next move.
Read more15 Aug 2023 08:57
TOP NEWS: UK grocery price inflation eases; Ocado loses market share
(Alliance News) - Grocery price inflation in the UK cooled by just over two percentage points to 12.7% in the four weeks that ended August 6, the second sharpest slowdown in price in 15 years, according to survey data from Kantar, with staples such as milk and vegetable oil seeing price cuts.
Read more27 Jul 2023 16:09
Highly shorted Ocado almost trebles in value from June lows
MILAN, July 27 (Reuters) - Shares in Ocado swung widely on Thursday following a two-month rally that has kept traders guessing over potential suitors circling the British online supermarket.
Read more27 Jul 2023 11:30
Ocado set to treble in value from June lows
MILAN, July 27 (Reuters) - Shares in Ocado continued their ascent on Thursday and looked set to treble in value from the lows in early June in a rally that has kept traders guessing over potential suitors circling the British online supermarket.
Read more27 Jul 2023 10:34
IN BRIEF: Ocado Solutions CEO Jensen to depart; board member replaces
Ocado Group PLC - Hertfordshire-based online grocer and warehouse technology firm - Luke Jensen will step down as chief executive officer of Ocado Solutions on September 30, in order to focus on external non-executive director positions. Jensen has been CEO of Ocado Solutions since 2017. The division offers Ocado's grocery warehouse and delivery technology to other supermarkets.
Read more