The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just 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: 373.80
Bid: 372.50
Ask: 373.00
Change: 21.70 (6.16%)
Spread: 0.50 (0.134%)
Open: 345.50
High: 375.00
Low: 343.30
Prev. Close: 352.10
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
24 May 2023 12:31

M&S shares soar as strategy 'beginning to deliver'

2022/23 profit down 7.8%

*

Read more
23 May 2023 17:42

TOP NEWS: Ocado set for FTSE 100 relegation but IMI to join blue-chips

(Alliance News) - Ocado Group PLC's five-year stint in London's top-flight index is under threat, after a tough run which has seen the grocer's shares plunge 35% since the turn of the year.

Read more
23 May 2023 09:14

UK grocery inflation nudges lower to 17.2%

(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.

Read more
23 May 2023 08:31

TOP NEWS: UK grocery inflation eases; sales get Coronation boost

(Alliance News) - UK grocery price inflation eased for the second month in a row, but remained at its third-highest rate since 2008, numbers from Kantar showed on Tuesday.

Read more
15 May 2023 09:35

LONDON BROKER RATINGS: Citigroup raises Flutter Entertainment to 'buy'

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

Read more
9 May 2023 14:00

Sustainable Switch: The Shell shareholder anti-ESG battle

May 9 - By Sharon Kimathi Energy and ESG Editor, Reuters Digital

Hello!

Read more
9 May 2023 11:24

Ford to test small UK fleet of hydrogen fuel cell E-Transit vans

LONDON, May 9 (Reuters) - Ford Motor Co said on Tuesday it will test a small fleet of prototype hydrogen fuel-cell versions of its electric E-Transit model to see if they are a workable zero-emission option for customers hauling heavy goods long distances.

Read more
28 Apr 2023 09:54

LONDON BROKER RATINGS: Dunelm and Coats get new 'buy' ratings

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

Read more
27 Apr 2023 09:38

LONDON BROKER RATINGS: Reckitt price targets raised; Ocado is 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
27 Apr 2023 08:44

Deutsche Bank starts Ocado at 'hold', says risk/reward balanced

(Sharecast News) - Deutsche Bank initiated coverage of Ocado on Thursday with a 'hold' rating and 550p price target as it said the risk/reward is currently balanced.

Read more
25 Apr 2023 16:57

UK's Ocado to close its oldest warehouse, 2,300 jobs at risk

Hatfield site opened in 2002

*

Read more
25 Apr 2023 15:52

UK shareholder meetings calendar - next 7 days

Wednesday 26 April 
Alfa Financial Software Holdings PLCAGM
Allianz Technology Trust PLCAGM
Anglo American PLCAGM
Breedon Group PLCAGM
Breedon Group PLCCourt Meeting and GM re approval to move to the Main Market
Bunzl PLCAGM
Corcel PLCAGM
Croda International PLCAGM
Drax Group PLCAGM
Elementis PLCAGM
Global Invacom Group LtdAGM
Lancashire Holdings LtdAGM
Kazera Global PLCAGM
Metro Bank PLCAGM
Mobius Investment Trust PLCAGM
Nichols PLCAGM
One Media IP Group PLCAGM
Persimmon PLCAGM
RIT Capital Partners PLCAGM
Trian Investors 1 LtdEGM re share redemption
Trian Investors 1 LtdAGM
Thursday 27 April 
Admiral Group PLCAGM
AFC Energy PLCAGM
Alliance Trust PLCAGM
AstraZeneca PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Dial Square Investments PLCAGM
F&C Investment Trust PLCAGM
Flutter Entertainment PLCAGM
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Helios Towers PLCAGM
Ibstock PLCAGM
International Personal Finance PLCAGM
Kerry Group PLCAGM
London Stock Exchange Group PLCAGM
Pershing Square Holdings LtdAGM
Quixant PLCAGM
Robert Walters PLCAGM
Schroders PLCAGM
Serco Group PLCAGM
STV Group PLCAGM
Synectics PLCAGM
Taylor Wimpey PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 28 April 
AQRU PLCAGM
Audioboom Group PLCAGM
BBGI Global Infrastructure SAAGM
Everest Global PLCAGM
GetBusy PLCAGM
Greencoat Renewables PLCAGM
Greencoat UK Wind PLCAGM
Hikma Pharmaceuticals PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
Kingspan Group PLCAGM
Minoan Group PLCAGM
Pearson PLCAGM
Rotork PLCAGM
Shanta Gold LtdAGM
Smurfit Kappa Group PLCAGM
Symphony International Holdings LtdAGM
Monday 1 May 
no events scheduled 
Tuesday 2 May 
Carr's Group PLCGM re annual report and directors remuneration report
CVC Income & Growth LtdAGM
IOG PLCAGM
Ocado Group PLCAGM
Plus500 LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 10:22

Ocado to shut Hatfield fulfilment site, putting 2,600 jobs at risk

(Alliance News) - Ocado Group PLC on Tuesday said Ocado Retail Ltd plans to close its Hatfield customer fulfilment centre, north of London.

Read more
25 Apr 2023 10:19

UK grocery inflation eases but remains at record level

(Sharecast News) - Grocery inflation eased marginally in April, industry data showed on Tuesday, but remained close to record highs.

Read more
25 Apr 2023 09:45

Ocado to close Hatfield warehouse; 2,300 jobs at risk

(Sharecast News) - Online supermarket Ocado said on Tuesday that Ocado Retail - its joint venture with Marks & Spencer - is planning to end operations at the Hatfield Customer Fulfilment Centre, putting more than 2,000 jobs at risk.

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.