PYX Resources: Achieving volume and diversification milestones. 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: 363.10
Bid: 361.90
Ask: 362.20
Change: 0.00 (0.00%)
Spread: 0.30 (0.083%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 363.10
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
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
22 Apr 2024 09:52

Ocado shareholders reportedly pushing for move to NYSE

(Sharecast News) - Ocado shareholders are pushing for a potential shift from its London listing to the New York Stock Exchange, it emerged over the weekend.

Read more
22 Apr 2024 08:49

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

Read more
22 Apr 2024 07:41

LONDON BRIEFING: Hipgnosis supports Blackstone takeover bid

(Alliance News) - Stocks in London are called to open higher, as investors eye some key FTSE 250 takeovers.

Read more
21 Apr 2024 16:47

Sunday newspaper round-up: IDS, Ocado, Foxtons

(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian

Read more
21 Apr 2024 09:51

PRESS: Ocado facing call to shift listing from London - Telegraph

(Alliance News) - Ocado PLC has faced investor pressure to consider a listing in New York, the Telegraph reported on Saturday.

Read more
10 Apr 2024 16:52

LONDON MARKET CLOSE: New York stocks tumble as US data dashes cut hope

(Alliance News) - European stocks closed off session highs on Wednesday, while equities in New York struggled, after a robust US inflation reading which potentially pushed the first Federal Reserve rate cut of the cycle further into the future.

Read more
10 Apr 2024 11:56

LONDON MARKET MIDDAY: European stocks get boost ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Wednesday, despite some nerves centred around the latest US inflation rate reading, out this afternoon.

Read more
8 Apr 2024 16:52

London close: Stocks rise at start of busy week

(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.

Read more
5 Apr 2024 17:31

London stocks log weekly declines on geopolitical, rate uncertainty

FTSE 100 down 0.8%, FTSE 250 off 0.7%

*

Read more
5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.

Read more
4 Apr 2024 17:04

UK stocks climb on boost from auto, mining stocks after upbeat data

Ocado drops as chairman to step down next year

*

Read more
4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

Read more
4 Apr 2024 10:05

TOP NEWS: Ocado chair to step down to focus on NatWest role

(Alliance News) - Ocado Group PLC said on Thursday that its chair intends to step down next year, as "pressure" on his time will grow after taking on the position at lender NatWest Group PLC.

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.