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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: 363.10
Bid: 361.90
Ask: 362.20
Change: 3.10 (0.86%)
Spread: 0.30 (0.083%)
Open: 358.70
High: 363.10
Low: 350.00
Prev. Close: 360.00
OCDO Live PriceLast checked at -

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Shore Capital cautious on UK grocers as price war intensifies

Tue, 08th Apr 2014 10:33

The outlook for profits across the UK grocery sector is 'highly constrained', according to Shore Capital, which raised concerns about rising pricing contagion.The broker has retained its 'sell' ratings for supermarket rivals Tesco and WM Morrison and online grocer Ocado."We have harboured growing concerns about the scope for price cutting to gain ground in recent months, so potentially debilitating supermarkets' gross margins in what are demonstrably weak markets in terms of demand in the UK," said analysts Clive Black and Darren Shirley. "That weak demand from economic pressure on household budgets is exacerbated by processes such as ongoing management of food waste, the desire to shop more frequently and locally, a step up in eating out and channel shift online, especially in non-food."They highlighted moves by some of the major players in the industry over the last month to cut prices on certain products, such as milk, butter and eggs.Shore has kept a cautious stance on the sector, saying that without strengthening demand and a stabilisation of the pricing environment, "the earnings outlook for UK-listed supermarkets appears highly constrained".Tesco was trading 1.1% lower on Tuesday morning, Morrison was down 1%, while Ocado had fallen 3.7%.BC
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Ocado to receive £200m from AutoStore in patent dispute settlement

(Sharecast News) - UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over 'robot' patents.

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23 Jul 2023 09:51

Ocado to be paid GBP200m in deal to settle robot patent case

(Alliance News) - Online supermarket Ocado Group PLC is to be paid GBP200 million in a deal with Norwegian warehouse automation firm AutoStore AS, which accused it of breaching patents.

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22 Jul 2023 14:41

AutoStore and Ocado reach deal to settle patent litigation claims

July 22 (Reuters) - Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday.

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22 Jul 2023 13:58

AutoStore, Ocado settle all patent litigation claims

July 22 (Reuters) - AutoStore Holdings and Ocado Group have reached an agreement to settle all patent litigation claims between them, the two firms said on Saturday. (Reporting by Anirudh Saligrama in Bengaluru; editing by Jason Neely)

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(Alliance News) - Stocks in London ended firmly in the green on Tuesday, with the FTSE 100 lifted by a strong performance from housebuilding stocks and a very well-received update from online grocer and warehouse technology firm Ocado.

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ShoreCap 'palpably cautious' when it comes to Ocado

(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it caming to valuing the business.

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18 Jul 2023 10:33

Ocado jumps on return to first-half underlying profit

First-half underlying profit 16.6 mln stg

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