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: 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
14 Dec 2023 09:04

LONDON MARKET OPEN: Stocks rally on dovish Fed; eyes on Boe, ECB

(Alliance News) - Stock prices in London rallied at the open on Thursday, as investors celebrated anticipated cuts to US interest rates in 2024.

Read more
8 Dec 2023 16:53

LONDON MARKET CLOSE: Stocks edge higher following US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Friday, as investors digested the most recent jobs data from the US, ahead of a busy week of interest rate decisions.

Read more
6 Dec 2023 09:19

LONDON BROKER RATINGS: RBC likes 3i; JPMorgan raises Ocado

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

Read more
6 Dec 2023 08:43

LONDON MARKET OPEN: Cooler US job openings data lifts FTSE; BAT slides

(Alliance News) - Stock prices in London opened higher on Wednesday, with a cooler reading of the US labour market on Tuesday lifting spirits, while the dollar showed some resilience despite the weaker jobs opening data.

Read more
6 Dec 2023 08:35

JP Morgan upgrades Ocado ahead of internet sector "revival"

(Sharecast News) - JP Morgan has upgraded its ratings for Ocado after reviewing its coverage of European internet stocks, saying that the sector's "revival is taking shape" after two years of struggle.

Read more
5 Dec 2023 09:16

TOP NEWS: UK grocery inflation eases before bumper Christmas - Kantar

(Alliance News) - UK grocery price inflation eased in the final quarter of the year, numbers showed on Tuesday, while take-home grocery sales are expected to beat previous records this December.

Read more
29 Nov 2023 16:40

London close: Stocks mixed as US GDP growth tops forecasts

(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by a combination of UK data releases and robust economic growth in the US.

Read more
29 Nov 2023 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

Read more
28 Nov 2023 21:08

TRADING UPDATES: Tintra seeks cancelling shares; GCM extends accord

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
20 Nov 2023 10:12

LONDON BROKER RATINGS: Goldman likes StanChart; RBC raises Currys

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

Read more
15 Nov 2023 17:45

Ocado moves out of grocery retail with automated fulfilment tech deal

(Alliance News) - Ocado Group PLC on Wednesday said it has signed a deal for Ocado Intelligent Automation with McKesson Canada.

Read more
15 Nov 2023 15:40

Ocado lands fulfiment technology deal with McKesson Canada, shares surge

(Sharecast News) - Ocado shares shot higher on Wednesday after it announced a deal to provide fulfilment technology to healthcare provider McKesson Canada.

Read more
10 Nov 2023 16:53

LONDON MARKET CLOSE: Europe and New York diverge after hawkish Powell

(Alliance News) - Stocks in Europe suffered on Friday, as US interest rate worries cast a dark cloud over equity markets, though counterparts in New York had a more resilient start to the day.

Read more
7 Nov 2023 09:53

TOP NEWS: UK grocery price inflation falls to single-digits

(Alliance News) - UK grocery price inflation dropped to an eight-month low of 9.7% in the four weeks to October 29, according to survey data from Kantar on Tuesday.

Read more
2 Nov 2023 15:12

London close: Stocks rise as BoE keeps rates steady

(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.

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.