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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: 350.00
Bid: 348.10
Ask: 348.40
Change: 6.90 (2.01%)
Spread: 0.30 (0.086%)
Open: 344.20
High: 350.00
Low: 340.90
Prev. Close: 343.10
OCDO Live PriceLast checked at -

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Shore Capital continues to prefer discounters over supermarkets

Fri, 04th Jul 2014 12:31

Shore Capital has repeated its preference for discount retail stocks over incumbent superstore operators after research showed that the Convenience, Discount and Online (CDO) channels will drive growth in the UK grocery market over the next five years.The Institute of Grocery Distribution (IGD) estimated last week that the UK grocery market will grow by 16%, around £28bn, during the next half-decade and be worth £203bn by 2019.Inflation is forecast to contribute £19.3bn of this growth over the period, while population growth accounts for £6.3bn and volume growth is £2.9bn.Shore said the strong growth expected from CDO represents mixed news for the large supermarket groups as they are the fasting growing element in Convenience market and more or less control the Online channel."However, the problem for the incumbent superstore operators is that the Convenience segment represents a financially less rewarding channel compared to historic supermarkets. With their growing capability, such shops are increasingly cannibalistic of larger outlets as increasing numbers of consumers seek to shop in smaller stores more frequently. "Additionally, whilst Online brings with it large baskets in the main and, arguably, more profitable customers at a holistic level if management rhetoric is to be believed, the picking and fulfilment costs means that it is a demonstrably less profitable activity and cannibalistic too."Shore said that the "sting in the CDO acronym is 'D', the Discounters". These are gaining over 1% share in the UK market per annum currently, despite retail growth rates remaining sluggish.The Discount channel is estimated by the IGD to grow from £10.8bn in 2014 to £21.4m by 2019, representing growth of 98%, or 14.7% per annum.Shore has 'sell' ratings for Tesco, Wm Morrison and Ocado and a 'hold' stance on J Sainsbury.BC
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24 Aug 2023 08:23

UK supermarket Asda launches fresh round of price cuts

LONDON, Aug 24 (Reuters) - British supermarket Asda on Thursday followed rivals Ocado Retail and Sainsbury's in announcing a fresh round of price cuts, adding to the downward trajectory in UK food inflation.

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23 Aug 2023 10:24

Britain's Ocado Retail and Sainsbury's cut prices again

Ocado Retail cuts prices of 200 products

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23 Aug 2023 00:01

Britain's Ocado Retail cuts prices again

Heinz beans, Quaker oats among price reductions

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22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

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15 Aug 2023 11:56

LONDON MARKET MIDDAY: FTSE 100 down as wage growth sparks rate fears

(Alliance News) - Stock prices in London were lower at midday on Tuesday, as wage growth fuelled talks of the Bank of England's next move.

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15 Aug 2023 08:57

TOP NEWS: UK grocery price inflation eases; Ocado loses market share

(Alliance News) - Grocery price inflation in the UK cooled by just over two percentage points to 12.7% in the four weeks that ended August 6, the second sharpest slowdown in price in 15 years, according to survey data from Kantar, with staples such as milk and vegetable oil seeing price cuts.

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27 Jul 2023 16:09

Highly shorted Ocado almost trebles in value from June lows

MILAN, July 27 (Reuters) - Shares in Ocado swung widely on Thursday following a two-month rally that has kept traders guessing over potential suitors circling the British online supermarket.

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27 Jul 2023 11:30

Ocado set to treble in value from June lows

MILAN, July 27 (Reuters) - Shares in Ocado continued their ascent on Thursday and looked set to treble in value from the lows in early June in a rally that has kept traders guessing over potential suitors circling the British online supermarket.

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27 Jul 2023 10:34

IN BRIEF: Ocado Solutions CEO Jensen to depart; board member replaces

Ocado Group PLC - Hertfordshire-based online grocer and warehouse technology firm - Luke Jensen will step down as chief executive officer of Ocado Solutions on September 30, in order to focus on external non-executive director positions. Jensen has been CEO of Ocado Solutions since 2017. The division offers Ocado's grocery warehouse and delivery technology to other supermarkets.

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27 Jul 2023 08:15

Luke Jensen stepping down from Ocado Solutions

(Sharecast News) - Technology-driven online grocer Ocado Group announced the upcoming retirement of Luke Jensen, the current executive director and CEO of Ocado Solutions, on Thursday.

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24 Jul 2023 17:09

UK's FTSE 100 edges higher on gains in energy shares

Vodafone Group up after Q1 results

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24 Jul 2023 16:59

LONDON MARKET CLOSE: FTSE 100 shakes off weak PMI readings

(Alliance News) - Blue-chip European equities took confidence from a decent open in New York, despite some less-than-stellar PMI data darkening the mood earlier on Monday.

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24 Jul 2023 12:04

LONDON MARKET MIDDAY: China stimulus impatience keeps lid on sentiment

(Alliance News) - Equity prices in Europe were mixed heading into Monday afternoon, with a warning of the challenges facing the Chinese economy hurting investor sentiment at the start of a busy week of central banking action.

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24 Jul 2023 08:48

LONDON MARKET OPEN: Lower start with eyes on trio of rate decisions

(Alliance News) - Stock prices in London opened largely lower on Monday as markets looked ahead to a week of interest decisions from three major central banks.

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24 Jul 2023 07:51

LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

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