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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 355.60
Bid: 357.00
Ask: 357.50
Change: 5.60 (1.60%)
Spread: 0.50 (0.14%)
Open: 352.00
High: 378.90
Low: 350.70
Prev. Close: 350.00
OCDO Live PriceLast checked at -

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Sector movers: Tesco boosts food retailers as investors welcome CEO change

Mon, 21st Jul 2014 15:00

A profit warning from Tesco sent many UK supermarket stocks lower on Monday, but investors in the firm itself seemed to celebrate the appointment of a new boss, sending shares in the grocery giant higher.Tesco, the largest retailer in Britain and second-largest in the world with a market capitalisation of £23.6bn, was trading over 2% higher in afternoon trade.The stock's gains helped the UK food and drug retail sector in London to the top of the pile, offsetting falls in the shares of rival chains J Sainsbury and Wm Morrison, as well as online grocer Ocado.Tesco announced this morning that Chief Executive Officer (CEO) Philip Clarke, who has run the company since 2011, would be leaving later this year and will be replaced by Dave Lewis, a director at BSkyB who is also the President of Unilever's Personal Care division.The move comes as the grocery giant said current trading conditions "are more challenging than we anticipated" at the time of its first-quarter update in early June. It said the overall market is weaker and recent investments to cut prices and improve customer loyalty mean that sales and trading profit in the first half are "somewhat below expectations".Jonathan Jackson, Head of Equities at Killik & Co, believes that today's news is positive for Tesco, saying: "The current CEO has lost the confidence of many in the market, and a change is likely to be seen as the best move for the company."However, the gloomy assessment of current trading is likely to have dampened sentiment amongst investors or other retailers, who have also been struggling with the rising popularity of discounter chains such as Aldi and Lidl, along with the ongoing resilience of higher-priced Waitrose.Top performing sectors so far todayFood & Drug Retailers 3,707.18 +0.90%Technology Hardware & Equipment 1,021.14 +0.38%Mining 17,677.69 +0.35%Gas, Water & Multiutilities 6,032.41 +0.32%General Industrials 4,056.66 +0.13%Bottom performing sectors so far todayIndustrial Metals & Mining 1,215.64 -1.46%Oil Equipment, Services & Distribution 23,632.17 -1.38%Tobacco 39,815.17 -1.15%Real Estate Investment & Services 2,565.35 -0.93%Electronic & Electrical Equipment 3,729.09 -0.87%BC
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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

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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.

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10 Apr 2024 16:52

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

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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.

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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.

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5 Apr 2024 17:31

London stocks log weekly declines on geopolitical, rate uncertainty

FTSE 100 down 0.8%, FTSE 250 off 0.7%

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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.

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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

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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.

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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.

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Ocado chair Haythornthwaite to step down next year

(Sharecast News) - Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.

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LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

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London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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