The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 355.60
Bid: 357.00
Ask: 357.50
Change: 5.60 (1.60%)
Spread: 0.50 (0.14%)
Open: 352.00
High: 378.90
Low: 350.70
Prev. Close: 350.00
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: New UK Lockdowns Not Causing Grocery Panic Buying - Kantar

Tue, 10th Nov 2020 08:46

(Alliance News) - UK demand for groceries has remained steady despite an uptick Covid-19 infections, research agency Kantar said Tuesday.

UK take-home grocery sales rose 9.3% in the 12 weeks to November 1, to total GBP29.44 billion, and in the most recent four weeks sales increased by a similar 9.4% - showing no "significant spike" in demand despite restrictions on movement coming into force across the country, noted Kantar.

Wales, where restrictions were tightest, recorded 15% growth in the month to November 1. England went into a month-long lockdown on Thursday last week.

"Welsh shoppers increased their spending by an average of GBP10 during the week when the 'firebreak' lockdown came into effect. The following week, online shopping in Wales hit its highest ever level accounting for 16.2% of the market. In Britain as a whole, a record 5.9 million people purchased groceries online in the month of October," said Fraser McKevitt, head of retail and consumer insight at Kantar.

While there was some uplift in Wales, McKevitt continued, the increased spending did not provide any evidence of consumers stockpiling. Initial figures suggest no sign of panic buying in England either, he added.

"The prospect of spending less time out and about during winter means people are hunkering down with seasonal comforts and making the best of life at home. Sales of scented candles, pot pourri and essential oils for diffusers have grown by 29% compared with last year," said McKevitt.

Amongst individual retailers, Ocado PLC was the fastest growing in the 12-week period, with sales surging 36% and its market share increasing to 1.7% from 1.4% a year ago.

Wm Morrison Supermarkets PLC led the 'Big Four' grocers, with sales up 11% and its market share growing to 10.2% from 10.0%.

Tesco PLC's market share was steady at 27.0%, and its sales grew 9.1%, while J Sainsbury PLC's sales grew 7.6% and its market share slipped to 15.3% from 15.6%.

Walmart Inc's Asda's market share dipped to 14.4% from 14.9%, while sales rose the slowest of the 'Big Four', up 5.0%.

Walmart in October agreed to sell Asda to Issa Brothers and UK-based private equity firm TDR Capital LLP for GBP6.8 billion. Brothers Mohsin and Zuber Issa are co-chief executives of Blackburn-based British retailer EG Group, a company which operates fast food outlets and petrol stations in Europe, Australia and the US.

Discounters Aldi and Lidl recorded sales growth of 6.6% and 13% respectively in the 12-week period, with Aldi's market share edging down to 7.8% from 8.0% while Lidl's nudged up to 6.1% from 5.9%.

Shares in Ocado were down 1.8% at 2,241.00 pence in London early Tuesday. Ocado shares had lost 13% on Monday after news of progress on a Covid-19 vaccine sent online retailers lower. Morrisons was up 1.9% at 167.30p, Tesco down 0.1% at 218.60p and Sainsbury's marginally higher at 197.90p.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

Read more
18 Oct 2023 17:12

IN BRIEF: Moody's affirms Ocado's B3 rating and stable outlook

Ocado Group PLC - Hatfield, England-based online grocer and warehouse technology firm - Moody's Investors Service affirms the company's B3 corporate family rating and its B2-PD probability of default rating. Outlook remains stable.

Read more
16 Oct 2023 12:03

LONDON MARKET MIDDAY: Stocks mixed on conflict and US earnings nerves

(Alliance News) - Global markets got off to a muted start to the week, with tensions in the Middle East, and some trepidation ahead of US corporate earnings keeping a lid on equities.

Read more
16 Oct 2023 10:24

Barclays downgrades Ocado, shares slide

(Sharecast News) - Ocado was under the cosh on Monday after Barclays downgraded shares of the online supermarket to 'underweight' from 'equalweight' and slashed the price target to 430p from 680p, pointing to a "particularly challenging" valuation.

Read more
16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

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

Read more
16 Oct 2023 08:51

LONDON MARKET OPEN: Stocks steady as eyes on oil, Israel, US earnings

(Alliance News) - Stock prices in London made little headway at Monday's market open, as the prospect of escalation in the Middle East prompted investors to be cautious.

Read more
16 Oct 2023 07:44

LONDON BRIEFING: Hipgnosis pulls interim dividend on lower royalties

(Alliance News) - The FTSE 100 is likely to open higher on Monday, benefitting from higher oil and gas prices, while fears of escalating regional conflict in the Middle East damp risk sentiment elsewhere.

Read more
10 Oct 2023 16:34

London close: Stocks finish higher on dovish Fed rhetoric

(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.

Read more
10 Oct 2023 12:01

LONDON MARKET MIDDAY: Stocks push higher as rate rise fears ebb

(Alliance News) - Stock prices in London were sharply higher at midday on Tuesday, buoyed by comments from US Federal Reserve officials indicating that interest rate rises in the world's largest economy may be at an end.

Read more
10 Oct 2023 08:50

LONDON MARKET OPEN: Stocks higher; UK grocery price inflation cools

(Alliance News) - Stock prices in London opened higher on Tuesday morning as dovish words from two senior Federal Reserve officials on Monday outweighed geopolitical concerns around the current conflict in the Middle East.

Read more
10 Oct 2023 08:44

TOP NEWS: UK grocery price inflation cools; sales lifted by promotions

(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.

Read more
2 Oct 2023 09:17

RWS confirms appointment of chair-designate as new independent chair

(Alliance News) - RWS Holdings PLC on Monday confirmed the appointment of Julie Southern as independent non-executive chair, as anticipated in its late-July announcement.

Read more
27 Sep 2023 17:00

LONDON MARKET CLOSE: European stocks fall but dollar rises on unease

(Alliance News) - European stocks suffered another underwhelming day on Wednesday, with sizeable uncertainty hanging over global equity markets as the final quarter of a tricky year approaches.

Read more
26 Sep 2023 16:54

LONDON MARKET CLOSE: Stocks suffer on US government shutdown fear

(Alliance News) - London's FTSE 100 outperformed on a day of wider risk aversion for global markets, with US government shutdown fears keeping a lid on enthusiasm.

Read more
22 Sep 2023 16:57

LONDON MARKET CLOSE: Europe struggles as New York recovers

(Alliance News) - Blue-chip stocks in Europe closed largely lower on Friday, as interest rate worries in the US kept a lid on enthusiasm at the end of the week.

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.