focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 348.40
Bid: 348.40
Ask: 348.70
Change: -5.90 (-1.67%)
Spread: 0.30 (0.086%)
Open: 351.00
High: 353.80
Low: 345.60
Prev. Close: 354.30
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: Ocado lauds patent dispute victory against AutoStore

Fri, 11th Mar 2022 08:34

(Alliance News) - Ocado Group PLC on Friday said it landed a "conclusive victory" in a legal dispute, as judges once again ruled the online grocer did not infringe on AutoStore AS patents.

The International Trade Commission rejected every patent claim made by AutoStore, a warehouse technology systems provider.

In October 2020, Autostore had said it sued and filed complaints in the US and the UK, accusing Ocado's Smart Platform of infringing Autostore's patented technology.

Ocado Smart Platform is a storage and picking system used in fulfilment centres. Autostore's complaint to the ITC originally alleged infringement by Ocado on 33 claims spread across five different patents.

"All of the 33 claims that originally constituted AutoStore's complaint to the ITC have now been rejected for a second time, or abandoned by AutoStore. AutoStore's key cavity bot patents, the UK versions of which are the only patents being asserted against Ocado in the High Court case starting next week, were all found to be invalid. A fourth, unrelated, patent was held not to be infringed," Ocado said on Friday.

"Unusually, the ITC accepted review of the judge's original decision and in the same notice gave its decision on the merits, which further emphasises the strength of these findings."

In addition, Ocado said it is continuing to pursue claims of its own against AutoStore, for infringing on the FTSE 100 company's IP rights in both the US and Europe.

"Ocado anticipates court determinations injuncting AutoStore and awarding Ocado damages for AutoStore's infringement of Ocado's patents," the company added.

The Ocado Smart Platform forms part of its Solutions unit, which provides automation technology, distribution and logistics services to grocers.

Ocado shares were 4.5% higher at 1,235.50 pence each in London on Friday morning.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
Today 09:12

TOP NEWS: Food price inflation at lowest level since October 2021

(Alliance News) - Food price inflation fell for the fifteenth month in a row while sales ticked higher, figures on Tuesday showed.

Read more
13 May 2024 09:41

LONDON BROKER RATINGS: BAE Systems and Mondi cut to 'neutral'

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

Read more
9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

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

Read more
7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

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

Read more
2 May 2024 17:06

FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

*

Read more
2 May 2024 08:00

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Read more
29 Apr 2024 17:13

Ocado pay policy opposed by 19% of votes cast at annual meeting

LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

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

Read more
24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

Read more
23 Apr 2024 17:12

UK's FTSE 100 hits record peak; Associated British Foods surges

Associated British Foods jumps after forecasting growth

*

Read more
23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

Read more
23 Apr 2024 08:57

Shoppers clamber for deals as grocery inflation slows further

(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.

Read more
23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

Read more
23 Apr 2024 08:36

TOP NEWS: Grocery inflation eases again in April despite early Easter

(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.

Read more
23 Apr 2024 08:00

British grocery inflation dips to 3.2%, says Kantar

*
Grocery inflation down for 14th straight month

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