Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video 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: 311.40
Bid: 311.50
Ask: 312.20
Change: 1.40 (0.45%)
Spread: 0.70 (0.225%)
Open: 314.00
High: 323.30
Low: 305.60
Prev. Close: 310.00
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: UK Grocery Market Climbs Down From Lockdown Highs - Kantar

Tue, 18th Aug 2020 08:45

(Alliance News) - The UK grocery market is easing from the "heady heights" of the lockdown period, data from research agency Kantar showed on Tuesday.

Grocery sales growth was 14% year-on-year in the 12 weeks to August 9, with grocery spend of GBP9.7 billion over the past four weeks making it the lowest since February. However, this still remains well above pre-pandemic levels.

"While things are far from normal, the data shows a gradual softening of the more extreme lockdown trends in the grocery market. The relaxing of rules across much of the country means shoppers are less inclined to stock up their cupboards with regular large trips. That has seen average spend drop below GBP25 for the first time since March. However, at GBP24, it is still a world away from the pre-Covid average of GBP19 per trip," said Charlotte Scott, consumer insight director at Kantar.

The number of supermarket trips was 2 million lower than would have usually been expected in the week after the mandatory face coverings rule was introduced, suggesting shoppers may need time to adjust to the new regulations.

Online shopping hit another record market share in the latest four weeks, with nearly 14% of all grocery sales now via the internet.

Ocado PLC has been a "major beneficiary of this", said Kantar, registering a market share of 1.8% over the past 12 weeks - versus 1.4% a year ago - and surpassing peers to post sales growth of 46% in Kantar's latest report.

Scott commented: "In the latest 12 weeks all of the major retailers registered overall take-home sales growth. However, all bar Ocado saw that growth slow compared with July."

Among the Big Four supermarkets, Tesco PLC's market share was 26.6% in the 12-week period, down slightly on 27.0% a year ago, and it recorded sales growth of 13%.

J Sainsbury PLC took a market share of 14.9% in the recent period, again down from 15.4% a year prior, while its sales grew 11%.

Wm Morrison Supermarkets PLC saw its market share strengthen slightly to 10.2% from 10.1% as sales surged 16% - the fastest growth of the Big Four. Walmart Inc's Asda recorded a market share of 14.3%, down from 14.9%, and sales were up 9.5%.

Shares in Ocado were up 0.7% at 2,397.48 pence in London early Tuesday. Sainsbury's shares were down 0.2% at 189.65p, Tesco up 0.6% at 230.20p and Morrisons up 0.4% at 197.05p.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
8 Jun 2023 07:00

UK self-driving car dreams could break down at the starting line

LONDON, June 8 (Reuters) - Britain could lose out on investments in autonomous vehicles (AVs) and see startups shift testing elsewhere if promised laws to regulate the technology are not passed before the next general election, startups and insurance companies said.

Read more
6 Jun 2023 17:05

LONDON MARKET CLOSE: Stocks higher as interest rate decisions loom

(Alliance News) - Stocks in London were largely higher at the close on Tuesday, shrugging off a poor performance for oil majors in the FTSE 100 and lacklustre data for the UK's retail sector.

Read more
6 Jun 2023 12:17

LONDON MARKET MIDDAY: FTSE 100 underwhelms as BP and Shell fall

(Alliance News) - Stock prices in London were lower at midday on Tuesday, with the FTSE 100 hurt by share price falls for oil majors, while a less than stellar reading of the UK retail sector kept a lid on sentiment.

Read more
1 Jun 2023 09:27

LONDON BROKER RATINGS: Morgan Stanley raises ConvaTec to 'overweight'

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

Read more
31 May 2023 16:54

LONDON MARKET CLOSE: China slowdown worries send stocks lower

(Alliance News) - Stocks in London closed in the red on Wednesday, with weaker-than-expected economic data from China and poorly received company news contributing to a subdued market mood.

Read more
31 May 2023 12:02

LONDON MARKET MIDDAY: Stocks down on US debt vote nerves

(Alliance News) - Stock prices in London were down at midday Wednesday, ahead of a vote on the US debt ceiling bill.

Read more
31 May 2023 09:21

LONDON BROKER RATINGS: Numis cuts 3i Group; HSBC likes JD Wetherspoon

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

Read more
31 May 2023 09:18

LONDON MARKET OPEN: Stocks down on US debt ceiling jitters

(Alliance News) - Stock prices in London opened lower on Wednesday, as financial markets await a vote on the US debt ceiling agreement.

Read more
24 May 2023 16:57

LONDON MARKET CLOSE: Stocks sold off amid US debt limit angst

(Alliance News) - US debt ceiling concerns battered European equities on Wednesday, leading to broad-based stock price declines, as investors fret over what a default would mean for global markets.

Read more
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

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.