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: 345.90
Bid: 349.20
Ask: 349.60
Change: -14.10 (-3.92%)
Spread: 0.40 (0.115%)
Open: 359.10
High: 363.70
Low: 345.90
Prev. Close: 360.00
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Restaurant Group's Wagamama launches home-cooking supermarket range

Mon, 07th Jun 2021 05:35

(Alliance News) - Restaurant Group PLC's Wagamama is launching a range of "cook at home" products for sale in supermarkets as part of the pan-Asian chain's post-pandemic growth strategy.

The restaurant brand will start selling its meal kits, pastes and sauces from Monday in Waitrose, before expanding its ranges into Wm Morrison Supermarkets PLC, J Sainsbury PLC, Tesco PLC and Ocado Group PLC in the coming weeks.

It said that all the profits from the range, which will include Katsu paste and pad thai sauce among others, will be donated to mental health charity partner YoungMinds.

The launch is one of the first strategic moves by new boss Thomas Heier, who formally took over from previous chief executive Emma Woods at the start of this month.

He told the PA news agency that the range was inspired by engagement between the chain and its customers during the pandemic.

Wagamama said it saw an enthusiastic response for the Wok from Home cooking series it launched during lockdown and was able to gauge which popular items would work best for the home-cooking range.

"We learned a lot from Wok from Home and that connectivity with people was something we could really look at when thinking about the range," Heier said.

"We don't think it will cannibalise our restaurant sales because we had some concerns about that when we started click and collect options and we saw it attracted new customers as well."

The company has previously sold sauces in supermarkets but the relaunch of products for cooking at home comes as a raft of hospitality chains now look to retail stores to boost sales after a tough trading year.

Chains including Pret a Manger and Leon have launched new supermarket ranges since the start of the pandemic after being impacted by closures.

Heier said he has been pleased by initial trading at Wagamama restaurants since it reopened its doors again to customers following the third lockdown.

He told PA: "We've been able to trade with delivery and click and collect through a lot of sites during the lockdown but it was obviously still a fantastic lift to welcome all those customers and staff back.

"It's been very busy, in a really good way, because there is a lot of love for the brand.

"Seasonally, we often do better in the cooler months, we think of that as ramen weather, but we've been really pleased by trading since May 17."

The group said it has worked closely with the YoungMinds charity over the past year and wanted it to benefit from the new product range after seeing the impact of the pandemic on people's mental health.

Emma Thomas, chief executive officer of YoungMinds, said: "Our partnership with Wagamama has already been instrumental in helping us to reach more young people with advice, support and messages of hope and we are thrilled that Wagamama's profits from this exciting new range will be donated to YoungMinds.

"This funding will be a huge help towards accelerating our work to make sure all young people get the support they need, when they need it, no matter what."

By Henry Saker-Clark

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

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

Read more
2 May 2024 17:06

FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

*

Read more
2 May 2024 08:00

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Read more
29 Apr 2024 17:13

Ocado pay policy opposed by 19% of votes cast at annual meeting

LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

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

Read more
24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

Read more
23 Apr 2024 17:12

UK's FTSE 100 hits record peak; Associated British Foods surges

Associated British Foods jumps after forecasting growth

*

Read more
23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

Read more
23 Apr 2024 08:57

Shoppers clamber for deals as grocery inflation slows further

(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.

Read more
23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

Read more
23 Apr 2024 08:36

TOP NEWS: Grocery inflation eases again in April despite early Easter

(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.

Read more
23 Apr 2024 08:00

British grocery inflation dips to 3.2%, says Kantar

*
Grocery inflation down for 14th straight month

Read more
22 Apr 2024 14:54

London close: Stocks jump on weaker sterling, easing geopolitics

(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

Read more
22 Apr 2024 14:45

UK shareholder meetings calendar - next 7 days

Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
22 Apr 2024 11:52

LONDON MARKET MIDDAY: Hipgnosis Songs and Tyman jump on takeover talk

(Alliance News) - Stock prices in London were higher at midday on Monday, as investors eye some key US data as attention turns away from the Middle East for now.

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