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: 373.60
Bid: 376.40
Ask: 377.40
Change: -9.90 (-2.58%)
Spread: 1.00 (0.266%)
Open: 381.60
High: 381.60
Low: 359.20
Prev. Close: 383.50
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sainsbury's to double pre-COVID-19 online capacity by end of October

Mon, 28th Sep 2020 15:30

LONDON, Sept 28 (Reuters) - Sainsbury's, Britain's
second largest supermarket group, will have doubled its
pre-COVID-19 pandemic online capacity by the end of next month,
it said on Monday.

It said it will be able to handle 700,000 online grocery
orders a week - a combination of home delivery and click and
collect - by the end of October, meaning it will have doubled
capacity since the beginning of March.

Online grocery shopping has gone from around 7% of the UK
market at the start of the pandemic to about 15% currently and
pure online player Ocado reckons it could reach 30%
over the next few years.

To meet demand Sainsbury's has added almost 200 new click
and collect locations and nearly 1,000 more online delivery vans
in comparison with last year. The group is also extending
delivery times from 6:30 AM to 11:30 PM so it can serve more
customers.

Britain's big four grocers - market leader Tesco,
Sainsbury's, Walmart owned Asda and Morrisons -
were quickly able to adapt their predominantly store-pick model
to boost online capacity, enabling them to deliver growth and
win share in the short term.

In contrast Ocado's capital-intensive and centralised
fulfilment model meant it has not been able to dramatically
increase its capacity during the crisis.

(Reporting by James Davey, Editing by Paul Sandle)

More News
22 Jun 2023 10:57

Is ethical investing down on UK investors' priority lists?

STOXX Europe 600 down 0.8%

*

Read more
22 Jun 2023 10:27

Amazon declines to comment on report of bid interest in UK's Ocado

LONDON, June 22 (Reuters) - A spokesperson for Amazon declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado.

Read more
22 Jun 2023 10:11

Life's a beach for European tourism stocks

STOXX Europe 600 down 0.9%

*

Read more
22 Jun 2023 08:57

Ocado surges on Amazon bid speculation

(Sharecast News) - Ocado surged on Thursday amid speculation it could be a takeover target for Amazon.

Read more
20 Jun 2023 17:20

Miners, oil drag London stocks lower after modest China rate cut

Miners down as metal prices fall on strong dollar, China worries

*

Read more
20 Jun 2023 12:18

LONDON MARKET MIDDAY: FTSE 100 treads water ahead of UK inflation, BoE

(Alliance News) - London's FTSE 100 was steady at midday Tuesday, as investors look ahead to risk events in the form of a UK inflation reading and a Bank of England interest rate decision later this week.

Read more
20 Jun 2023 11:28

Move over China, India & Brazil are in: TS Lombard

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 10:38

Citi: "Can the bullish momentum continue?"

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 09:55

JPMorgan cuts Ocado price target, puts shares on 'negative catalyst watch'

(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.

Read more
20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

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

Read more
20 Jun 2023 09:10

STOXX on the backfoot

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX ON THE BACKFOOT (0754 GMT)

Read more
20 Jun 2023 09:01

LONDON MARKET OPEN: Muted open in Europe on lack of US impetus

(Alliance News) - Stock prices in London opened mixed on Tuesday, amid a lack of market drivers, as investors look ahead to a UK interest rate decision on Thursday.

Read more
20 Jun 2023 08:30

TOP NEWS: UK grocery inflation fades to year-to-date low - Kantar

(Alliance News) - UK grocery price inflation eased to its lowest level since last year, numbers on Tuesday showed, though it remained in robust shape, helping boost the market share of discounters.

Read more
20 Jun 2023 08:22

Broker tips: Ocado, Abcam

(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.

Read more
20 Jun 2023 07:56

LONDON BRIEFING: abrdn sells HDFC stake; Lookers agrees to buyout

(Alliance News) - Stocks in London were expected to fall further on Tuesday's open, with investors awaiting UK inflation data and a Bank of England rate announcement later this week.

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.