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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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16 Jan 2024 07:16

Ocado forecasts return to FY positive core earnings as sales rise

(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.

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16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

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15 Jan 2024 15:37

London close: Stocks mixed on relatively quiet Monday

(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.

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10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

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5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

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3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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19 Dec 2023 07:00

Not just for Christmas: Britain's M&S targets more regular food shoppers

M&S food shopper numbers jump at Christmas

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14 Dec 2023 17:19

UK's FTSE 100 hits 12-week high, but trims gains after BoE rates pushback

BoE holds rates at 5.25%

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14 Dec 2023 16:40

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.

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14 Dec 2023 13:03

Broker tips: Compass, Marston's, Ocado, Hochschild

(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.

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14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

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14 Dec 2023 09:57

Ocado shares jump but Goldman sees little upside

(Sharecast News) - Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.

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14 Dec 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises Compass and Marston's

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

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