We would love to hear your thoughts about our site and services, please take our survey 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: 364.60
Bid: 354.00
Ask: 400.00
Change: 0.00 (0.00%)
Spread: 46.00 (12.994%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 364.60
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 Stars As Consumers Turn To Grocers Amid UK Lockdowns

Tue, 05th Jan 2021 09:07

(Alliance News) - UK supermarkets had their busiest month ever in December, market research firm Kantar said on Tuesday, as the usual festive sales boom was turbocharged by lockdown measures that forced bars and restaurants to shut once again.

Out of the London-listed UK grocers, Ocado posted the chunkiest annual sales rise, but Tesco PLC and J Sainsbury PLC both gave up some market share during the 12 weeks to December 27.

Total UK grocery sales during the 12 weeks, which included the run-up to Christmas, jumped 11% annually to GBP32.69 billion from GBP29.35 billion.

"December is always an incredibly busy time for supermarkets, but take-home grocery shopping is usually supplemented by celebrations in restaurants, pubs and bars – with GBP4 billion spent on food and drink, excluding alcohol, out of the home during the normal festive month. This year, almost all those meals were eaten at home and retailers stepped up monumentally to meet the surge in demand," Kantar Head of Retail & Consumer Insight Fraser McKevitt said.

Freight delays and Brexit concerns also added to the drama during the period, Kantar noted, with December 21 being the busiest shopping day of the year as a result.

Much of Europe swiftly banned British travellers and UK freight entering their countries after the discovery of a more transmissible variant of Covid-19 in Britain. Dramatic images in December showed hundreds of lorries backed up in the port of Dover, likely prompting some panic buying.

Ocado posted a hefty 37% sales rise in the 12 weeks, the best of the London-listed grocers. Its sales during the period came in at GBP530 million. The online grocer's market share improved to 1.6% from 1.3%.

Among the traditional "Big Four", Tesco's market share slipped to 27.3% from 27.4% but sales rose 11% to GBP8.92 billion.

At Sainsbury's, sales jumped 16% to GBP5.20 billion, though like Tesco, its market share slipped slightly, to 15.9% from 16.0%.

Asda's sales rose 7.8% to GBP4.69 billion annually but its market share fell to 14.3% from 14.8%.

WM Morrison Supermarkets PLC's sales rose 13% to GBP3.41 billion and its market share inched up to 10.4% from 10.3%.

In addition, the Bradford, England-based itself on Tuesday said like-for-like sales, excluding fuel, over Christmas and the New Year were 9.3% higher annually. It was a record festive performance, the company noted.

Elsewhere, John Lewis Partnership's grocery arm Waitrose posted a 5.0% sales hike to GBP1.63 billion. Its market share was flat at 5.0%.

Iceland posted a 21% sales rise, and its market share climbed to 2.5% from 2.3%. At Co-op, sales rose 9.8% but its share of the market slipped to 6.0% from 6.1%.

Fortunes were mixed for the big German discount chains. Lidl's market share improved to 6.1% from 5.9%, but Aldi's eased to 7.4% from 7.8%.

In terms of sales, Lidl's jumped 15% but Aldi's by just 6.3%.

Like Morrisons, Aldi itself reported a record Christmas. Sales in the four weeks to December 24 surged 11% year-on-year, the company had said on Monday.

Grocery inflation for the 12-week period was 1.3%, Kantar added.

Next week Wednesday, Sainsbury's reports on its festive fortunes, followed by Tesco a day later.

In London on Tuesday morning, Ocado shares were 0.5% higher. Tesco climbed 0.9%, and Morrisons was up 0.1%, but Sainsbury's was down 0.5%.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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
22 Apr 2024 14:54

London close: Stocks jump on weaker sterling, easing geopolitics

(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

Read more
22 Apr 2024 14:45

UK shareholder meetings calendar - next 7 days

Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
22 Apr 2024 11:52

LONDON MARKET MIDDAY: Hipgnosis Songs and Tyman jump on takeover talk

(Alliance News) - Stock prices in London were higher at midday on Monday, as investors eye some key US data as attention turns away from the Middle East for now.

Read more
22 Apr 2024 09:52

Ocado shareholders reportedly pushing for move to NYSE

(Sharecast News) - Ocado shareholders are pushing for a potential shift from its London listing to the New York Stock Exchange, it emerged over the weekend.

Read more
22 Apr 2024 08:49

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

Read more
22 Apr 2024 07:41

LONDON BRIEFING: Hipgnosis supports Blackstone takeover bid

(Alliance News) - Stocks in London are called to open higher, as investors eye some key FTSE 250 takeovers.

Read more
21 Apr 2024 16:47

Sunday newspaper round-up: IDS, Ocado, Foxtons

(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian

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