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Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 362.30
Bid: 359.10
Ask: 359.40
Change: -0.20 (-0.06%)
Spread: 0.30 (0.084%)
Open: 363.00
High: 366.50
Low: 352.90
Prev. Close: 362.50
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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27 Jun 2023 16:56

IN BRIEF: Ocado adds former Ted Baker CEO Osborne to board as non-exec

Ocado Group PLC - Hertfordshire-based online grocer and warehouse technology firm - Appoints Rachel Osborne as independent non-executive director from September 1. She is the former chief executive officer of fashion retailer Ted Baker. Osborne was formerly chief financial officer of Debenhams PLC and Domino's Pizza Group PLC and was finance director of John Lewis Division within the John Lewis Partnership.

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Agnelli-backed firm discloses 5% Ocado stake

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European shares post worst week in three months, Siemens Energy slumps

Siemens Energy weighs on German stocks

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23 Jun 2023 11:10

Ocado shares fall after Thursday's bid speculation-driven jump

Ocado shares down 7.5% in morning trading

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23 Jun 2023 09:44

Ocado shares fall after Thursday's bid speculation-driven jump

Ocado shares down 8% in morning trading

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22 Jun 2023 20:31

CORRECT: LONDON MARKET CLOSE: Stocks down after hawkish hike to rates

(Correcting the closing of the FTSE 250 and including the close of the FTSE 100).

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European shares slide on rate hike jitters after Powell comments, BoE hike

BoE hikes rates by 50 bps to 5%

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22 Jun 2023 17:08

London stocks fall as BoE delivers bigger-than-expected rate hike

BoE hikes rates by 50 bps to 5%

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LONDON MARKET CLOSE: Stocks tumble after hawkish hike to UK rates

(Alliance News) - Stocks in London closed firmly in the red on Thursday after the Bank of England surprised with a chunkier-than-expected 50 basis point interest rate hike.

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(OFFICIAL)-Man, AQR among funds with trades stung by Ocado's share surge -research

LONDON, June 22 (Reuters) - Global hedge funds including Man Group and AQR Capital Management faced potential losses on their bets against Ocado after the online grocer's stock price surged on Thursday, said data and research group Breakout Point.

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Shares of UK online supermarket Ocado soar on talk of Amazon bid interest

Times report says talk of bid interest from U.S. suitors

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22 Jun 2023 12:19

LONDON MARKET MIDDAY: BoE moves hawkishly and hikes by 50 basis points

(Alliance News) - Stock prices in London were lower at midday on Thursday, while the pound struggled for direction, after the Bank of England acted more aggressively than initially expected, as it grapples with rampant UK inflation.

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