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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: 1,907.50
Bid: 1,907.00
Ask: 1,907.50
Change: -54.50 (-2.78%)
Spread: 0.50 (0.03%)
Open: 1,958.00
High: 1,979.50
Low: 1,904.50
Yest. Close: 1,962.00
OCDO Live PriceLast checked at -

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Sector movers: Utilities and Food retailers sought out as Covid-19 cases climb

Tue, 13th Oct 2020 15:46

(Sharecast News) - Stocks were pummeled on Tuesday as concerns mounted that the rising rate of Covid-19 infections might force the government into tightening lockdown measures further, on top of a day fraught with nervousness around the ongoing Brexit talks with Brussels.
Little surprise then that the cyclicals areas of the market underperformed - alongside aerospace due to the jitters around the pandemic - and whereas the FTSE 100 was propped up by weakness in the pound, the FTSE 250 slid 1.52% to 17,891.01.

The economic impact of that was underscored by a weaker-than-expected reading for UK unemployment.

According to the Office for National Statistics, the average unemployment rate in Britain jumped from 4.3% for over the three months to July to 4.5% in August (consensus: 4.3%).

As Samuel Tombs at Pantheon Macroeconomics explained, that was entirely due to ONS rectifying changes in the sampling method caused by the pandemic.

Another result of those sampling changes was that the three-month rolling measure of employment was revised to stand 1.5% below its peak in March, "greatly exceeding the mere 0.5% shortfall in July under the old methodology".

Hence, defensives such as Utilities were sought out.

Shares of grocers were higher as well, benefitting not only from the prospect of extended lockdowns but also from fresh data showing solid demand growth.

According to Kantar, growth of take-home grocery sales accelerated to a 10.6% clip over the four weeks ending on 4 October.

Alcohol sales were boosted by an additional £261m in September in anticipation of the 10pm curfew for pubs and bars, Kantar said.

Online sales meanwhile zipped ahead at a year-on-year pace of 76% with sales at Ocado up by 41.9% in September.

Top performing sectors so far today

Electricity 7,873.40 +1.41%

Food & Drug Retailers 4,214.79 +1.06%

Pharmaceuticals & Biotechnology 17,534.29 +0.28%

Oil Equipment, Services & Distribution 3,966.93 +0.18%

Personal Goods 40,252.13 +0.14%

Bottom performing sectors so far today

Automobiles & Parts 2,675.41 -3.08%

Aerospace and Defence 3,093.20 -2.72%

Life Insurance 5,986.54 -2.65%

Banks 1,906.81 -2.52%

Industrial Transportation 2,056.20 -2.40%

More News

LONDON MARKET CLOSE: FTSE 100 bounces back, led by miners and CRH

LONDON MARKET CLOSE: FTSE 100 bounces back, led by miners and CRH

5 May 21 17:02

Vaccinated shoppers help boost UK supermarket sales

(Sharecast News) - Take-home grocery sales are continuing to grow, industry data showed on Tuesday, as the ongoing vaccine rollout and easing of lockdown restrictions boost demand.

27 Apr 21 10:40

UPDATE 1-UK's Waitrose expands rapid home deliveries with Deliveroo

(Adds detail)LONDON, April 27 (Reuters) - British supermarket Waitrose will expand its Deliveroo service by 110 shops to 150 by the end of the summer, giving more customers access to rapid home delivery, it said on Tuesday.Waitrose, which is part ...

27 Apr 21 09:41

TOP NEWS: UK grocery sales up but online declines again as curbs ease

TOP NEWS: UK grocery sales up but online declines again as curbs ease

27 Apr 21 08:38

British grocery sales get shot in the arm from vaccinated over-65s

LONDON, April 27 (Reuters) - British grocery sales rose 6.5% in the four weeks to April 18, with the rollout of COVID-19 vaccinations and partial relaxation of social restrictions encouraging older shoppers to return to physical stores, indus...

27 Apr 21 08:00

IN BRIEF: Ocado chief operating officer sells GBP4.4 million of shares

IN BRIEF: Ocado chief operating officer sells GBP4.4 million of shares

23 Apr 21 17:35

LONDON MARKET MIDDAY: Stocks keep rising as IPO market hots up

LONDON MARKET MIDDAY: Stocks keep rising as IPO market hots up

16 Apr 21 12:21

UPDATE 1-UK's Ocado invests in Oxbotica to develop autonomous deliveries

(Adds detail)LONDON, April 16 (Reuters) - British online grocer Ocado will invest 10 million pounds ($13.8 million) in autonomous vehicle software company Oxbotica as part of a tie-up that aims to reduce the cost of last-mile delivery and other l...

16 Apr 21 09:02

LONDON MARKET PRE-OPEN: musicMagpie flies towards AIM listing

LONDON MARKET PRE-OPEN: musicMagpie flies towards AIM listing

16 Apr 21 07:50

TOP NEWS: Ocado invests in autonomous vehicle software firm Oxbotica

TOP NEWS: Ocado invests in autonomous vehicle software firm Oxbotica

16 Apr 21 07:47

Ocado invests £10m in self-drive vehicle software group

(Sharecast News) - Ocado is investing £10m in Oxbotica, an autonomous vehicle software company, and has set up a commercial partnership to develop self-driving vehicles.

16 Apr 21 07:25

UK's Ocado invests in autonomous vehicle software firm Oxbotica

LONDON, April 16 (Reuters) - British online grocer Ocado said on Friday it would invest 10 million pounds ($13.8 million) in autonomous vehicle software company Oxbotica as part of a partnership that aims to reduce the cost of last-mile delivery ...

16 Apr 21 07:08

LONDON MARKET CLOSE: Stocks return from break in green on reopen plans

LONDON MARKET CLOSE: Stocks return from break in green on reopen plans

6 Apr 21 17:10

LONDON MARKET MIDDAY: Stocks up as UK hospitality reopening confirmed

LONDON MARKET MIDDAY: Stocks up as UK hospitality reopening confirmed

6 Apr 21 12:14

LONDON MARKET OPEN: Stocks higher; BP rises on share buyback plans

LONDON MARKET OPEN: Stocks higher; BP rises on share buyback plans

6 Apr 21 08:48

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