The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 348.30
Bid: 347.90
Ask: 348.40
Change: -5.50 (-1.55%)
Spread: 0.50 (0.144%)
Open: 354.90
High: 362.10
Low: 345.30
Prev. Close: 353.80
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Convenience Stores In UK Thriving Amid Covid-19 Lockdown

Tue, 28th Apr 2020 09:02

(Alliance News) - All major UK supermarkets saw rising grocery sales but convenience stores around the country are particularly thriving in the virus lockdown, research agency Kantar said on Tuesday.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "Convenience stores increased sales by 39% in the latest four weeks, now accounting for 16.3% of the market compared with 12.4% a year ago. It should be noted, however, that this rise may be offset by the downturn in on-the-go consumption, which will have had a disproportionate effect on convenience shops."

Data from Kantar showed take-home UK grocery sales rising by 9.1% in the 12 weeks to April 19, with online sales now accounting for 10.2% of the grocery market. Grocery sales were GBP524 million higher in the past four weeks than they were in April 2019.

"Year-on-year grocery market growth of 5.5% over the past four weeks is noticeably slower than the 20.6% recorded in March. People are spending more time at home and eating fewer meals out of the house, which has led to a strong growth in take-home grocery sales. But social distancing also means that expenditure on other categories like clothes, food bought on the go and general merchandise will have been considerably lower, so for some retailers, the overall picture will be more modest," McKevitt explained.

Kantar said UK households shopped only 14 times for groceries over the past month, a record low and down from 17 in more normal times. However, a drop in frequency was matched by a corresponding uplift in the amount spent on each trip to GBP26.02, the highest figure ever recorded by Kantar and GBP7 greater than a year ago.

In the 12 weeks to April 19, Co-op's market share rose to 6.7% from 6.1% a year ago, as sales grew by 20% to GBP2.01 billion. Independent retailers, such as Spar and Londis, also benefited from changing shopping patterns, with growth of 40.5%. Meanwhile online specialist Ocado grew sales by 19.4% to GBP458 million, with its UK market share rising to 1.5% from 1.4%.

German discounter Lidl saw a 15% growth in UK grocery sales to GBP1.79 billion, nudging its market share up to 6.0% from 5.7% in the year prior.

Compatriot Aldi had an 8.8% sales rise in the 12 weeks to GBP2.37 billion and retained its market share at 7.9%.

Among the "Big Four" UK grocers, J Sainsbury PLC booked the largest sales growth, rising 8.4% to GBP4.56 billion, but its market share fell to 15.3% from 15.4%.

Tesco PLC's market share fell to 26.8% from 27.3% despite sales rising 7.2% to GBP8.01 billion.

Walmart Inc's Asda had a 3.5% annual sales rise to GBP4.32 billion, but its market share slipped to 14.4% from 15.2%.

At Wm Morrison Supermarkets PLC, sales rose 4.3% year-on-year to GBP2.95 billion, with market share down to 9.9% from 10.3%.

Iceland sales rose 17% to GBP664 million with market share up to 2.2% from 2.1% and at Waitrose, sales climbed 9.4% to GBP1.50 billion. The John Lewis Partnership's unit's share of the market was unchanged at 5.0%.

Overall UK grocery price inflation for the 12-week period was 1.9%.

Tesco shares were down 1.2% in London on Tuesday morning. Sainsbury's was 1.6% lower and Morrisons down 2.1%. Ocado was down 0.8%, having started marginally higher.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
18 Jul 2023 09:09

TOP NEWS: UK grocery price inflation ebbs at fastest pace since peak

(Alliance News) - UK grocery price inflation calmed once again, market research from Kantar showed on Tuesday, while supermarket sales got a boost from more summer staples such as hay fever medication and strawberries moving through the tills.

Read more
18 Jul 2023 08:47

Ocado not pursuing takeover offers, says boss

LONDON, July 18 (Reuters) - Ocado Group, the online supermarket and technology group, is not looking to be taken over, its boss said on Tuesday.

Read more
18 Jul 2023 08:46

TOP NEWS: Ocado backs outlook and hails "good progress" in half-year

(Alliance News) - Ocado Group PLC on Tuesday affirmed yearly guidance with both its grocery and warehouse technology arms seeing half-year revenue growth.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:31

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after keeping its financial guidance for the year as it reported a return to underlying profit in its first half.

Read more
18 Jul 2023 08:19

Ocado CEO declines to comment on Amazon speculation

LONDON, July 18 (Reuters) - The chief executive of British online and technology group Ocado said he had nothing to say when asked about speculation of a takeover by U.S. group Amazon.

Read more
18 Jul 2023 07:48

LONDON BRIEFING: Ocado backs annual guidance as interim loss widens

(Alliance News) - Stocks in London are set to tread water on Tuesday, as investors look ahead to US corporate earnings and economic data.

Read more
18 Jul 2023 07:06

Ocado keeps guidance after return to first half underlying profit

LONDON, July 18 (Reuters) - Ocado the British online supermarket and technology group, whose shares surged last month after a report of possible takeover interest from Amazon, kept its financial guidance for the year as it reported a return to underlying profit in its first half. (Reporting by James Davey; Editing by Kate Holton)

Read more
18 Jul 2023 07:03

Ocado holds guidance after swinging to profit in H1

(Sharecast News) - UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be "marginally positive" for the full year.

Read more
17 Jul 2023 00:01

UK consumer group calls for government action on grocery prices

Competition watchdog to publish report on grocery prices

*

Read more
14 Jul 2023 16:32

Grocer, trainmaker and landlord among most shorted stocks in June - Hazeltree

LONDON, July 14 (Reuters) - Shortsellers betting on tougher economic conditions zeroed in on online grocer Ocado , Swedish property firm Fastighets AB Balder and French train maker Alstom in June, according to a report by data and tech firm Hazeltree.

Read more
14 Jul 2023 13:48

Grocer, trainmaker and landlord among most shorted stocks in June - Hazeltree

LONDON, July 14 (Reuters) - Shortsellers betting on tougher economic conditions zeroed in on online grocer Ocado , Swedish property firm Fastighets AB Balder and French train maker Alstom in June, according to a report by data and tech firm Hazeltree.

Read more
11 Jul 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 12 July 
Atalaya Mining PLCHalf Year Results
Carclo PLCFull Year Results
Grafton Group PLCTrading Statement
Loungers PLCFull Year Results
JD Wetherspoon PLCTrading Statement
ME Group International PLCHalf Year Results
PageGroup PLCTrading Statement
Renold PLCFull Year Results
Ten Entertainment Group PLCTrading Statement
Tharisa PLCTrading Statement
Tullow Oil PLCTrading Statement
Thursday 13 July 
Barratt Developments PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Brunner Investment Trust PLCHalf Year Results
DCC PLCTrading Statement
DSW Capital PLCFull Year Results
Experian PLCTrading Statement
Hays PLCTrading Statement
Gym Group PLCTrading Statement
Hipgnosis Songs Fund LtdFull Year Results
Ilika PLCFull Year Results
John Wood Group PLCTrading Statement
musicMagpie PLCHalf Year Results
TClarke PLCHalf Year Results
Watches of Switzerland Group PLCFull Year Results
Friday 14 July 
Ashmore Group PLCTrading Statement
Burberry Group PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
McBride PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Monday 17 July 
Brickability Group PLCFull Year Results
Gore Street Energy Storage Fund PLCFull Year Results
Northern Bear PLCFull Year Results
Tuesday 18 July 
Arbuthnot Banking Group PLCHalf Year Results
Artisanal Spirits Co PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Ocado Group PLCHalf Year Results
Petra Diamonds LtdTrading Statement
Record PLCTrading Statement
Rio Tinto PLCTrading Statement
Wise PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.