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: 354.30
Bid: 355.00
Ask: 355.60
Change: -8.80 (-2.42%)
Spread: 0.60 (0.169%)
Open: 360.90
High: 367.80
Low: 352.90
Prev. Close: 363.10
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 price inflation cools to lowest level in a year

Tue, 12th Sep 2023 08:46

(Alliance News) - Annual grocery price inflation in the UK decelerated to 12.2% in the four weeks that ended September 3, from 12.7% a month before, according to survey data from Kantar on Tuesday.

During the same period, take-home grocery sales increased by 7.4% from a year before, rising from 6.5% a month ago.

"Grocery price inflation is down for the sixth month in a row but 12.2% won't be a number to celebrate for many households. Our data shows that 95% of consumers are still worried about the impact of rising grocery prices, matched only by their concern about energy bills," said Fraser McKevitt, head of retail & consumer insight at Kantar.

Notably, Wilko's market share of non-food groceries such as toiletries and household goods is 0.5 percentage points higher than in July, as consumers capitalised on its collapse, Kantar said.

Grocery price inflation in the longer 12-week period to September 3 was 13.0%, Kantar said, down from 14.4% in the 12 weeks to August 6. Prices rose the most for eggs, sugar confectionery and frozen potato products.

In that period, sales at the UK's largest supermarket Tesco rose 9.3% to GBP8.86 billion from GBP8.11 billion year-on-year, improving its market share to 27.2% from 26.9%.

Sainsbury's sales rose 9.1% to GBP4.82 billion from GBP4.42 billion, with its market share growing to 14.8% from 14.6%.

Asda sales increased 5.1% to GBP4.49 billion from GBP4.27 billion, with its market share falling to 13.8% from 14.1%.

The biggest increase was, as in the past months, by the two German discounters Aldi and Lidl, the only supermarkets with double-digit percentage year-on-year sales growth.

Aldi shares jumped 17% to GBP3.28 billion from GBP2.80 billion, with its market share now at 10.1%, up from 9.3%.

Lidl shares surged 16% to GBP2.47 billion from GBP2.13 billion, and its market share rose to 7.6% from 7.1%.

Regarding Aldi and Lidl, KcKevitt said: "We expect this performance to continue as inflation remains stubbornly high, however, growth rates for both the discounters have been slowing in recent months as they annualise against rapid rises last year."

Between Aldi and Lidl in terms of market share is Morrisons, seeing a 2.0% growth to GBP2.80 billion from GBP2.74 billion, but its market share fell to 8.6% from 9.1%.

Co-Op sales rose 2.5% to GBP2.00 billion from GBP1.95 billion, with its market share contracting to 6.1% from 6.5%.

Waitrose saw a sales increase of 5.6% to GBP1.49 billion from GBP1.41 billion. Its market share fell to 4.6% from 4.7%.

Iceland sales rose 4.3% to GBP749 million from GBP718 million, as its market share decreased to 2.3% from 2.4%.

Ocado sales also rose 4.3%, to GBP537 million from GBP515 million, with its market share falling to 1.6% from 1.7%.

McKevitt said: "One of the big stories of recent times has been the boost in own-label sales which dominate Aldi and Lidl's shelves. Sales grew again by 9.9% in the latest month and supermarket lines now make up over half of everything we buy, up from 48% in August 2013. This is equivalent to a GBP3 billion shift in sales away from brands. The discounter model of offering everyday low value and fewer promotions has also caught on in the wider market, with only 26% of spending now on deals compared with 38% ten years ago."

Tesco shares were up 0.7% at 261.50 pence early Tuesday in London. Sainsbury's shares were up 0.5% at 270.40p. Ocado's were 0.2% higher at 810.00p, while M&S was down 0.2% at 220.10p.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
6 Sep 2023 13:18

PRESS: NatWest picks former Centrica chair as new chair - Sky News

(Alliance News) - Rick Haythornthwaite, former chair of British Gas-owner Centrica PLC, will succeed Howard Davies as chair of NatWest Group PLC, Sky News reported on Wednesday.

Read more
6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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

Read more
5 Sep 2023 08:51

LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears

(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.

Read more
24 Aug 2023 08:23

UK supermarket Asda launches fresh round of price cuts

LONDON, Aug 24 (Reuters) - British supermarket Asda on Thursday followed rivals Ocado Retail and Sainsbury's in announcing a fresh round of price cuts, adding to the downward trajectory in UK food inflation.

Read more
23 Aug 2023 10:24

Britain's Ocado Retail and Sainsbury's cut prices again

Ocado Retail cuts prices of 200 products

*

Read more
23 Aug 2023 00:01

Britain's Ocado Retail cuts prices again

Heinz beans, Quaker oats among price reductions

*

Read more
22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

Read more
15 Aug 2023 11:56

LONDON MARKET MIDDAY: FTSE 100 down as wage growth sparks rate fears

(Alliance News) - Stock prices in London were lower at midday on Tuesday, as wage growth fuelled talks of the Bank of England's next move.

Read more
15 Aug 2023 08:57

TOP NEWS: UK grocery price inflation eases; Ocado loses market share

(Alliance News) - Grocery price inflation in the UK cooled by just over two percentage points to 12.7% in the four weeks that ended August 6, the second sharpest slowdown in price in 15 years, according to survey data from Kantar, with staples such as milk and vegetable oil seeing price cuts.

Read more
27 Jul 2023 16:09

Highly shorted Ocado almost trebles in value from June lows

MILAN, July 27 (Reuters) - Shares in Ocado swung widely on Thursday following a two-month rally that has kept traders guessing over potential suitors circling the British online supermarket.

Read more
27 Jul 2023 11:30

Ocado set to treble in value from June lows

MILAN, July 27 (Reuters) - Shares in Ocado continued their ascent on Thursday and looked set to treble in value from the lows in early June in a rally that has kept traders guessing over potential suitors circling the British online supermarket.

Read more
27 Jul 2023 10:34

IN BRIEF: Ocado Solutions CEO Jensen to depart; board member replaces

Ocado Group PLC - Hertfordshire-based online grocer and warehouse technology firm - Luke Jensen will step down as chief executive officer of Ocado Solutions on September 30, in order to focus on external non-executive director positions. Jensen has been CEO of Ocado Solutions since 2017. The division offers Ocado's grocery warehouse and delivery technology to other supermarkets.

Read more
27 Jul 2023 08:15

Luke Jensen stepping down from Ocado Solutions

(Sharecast News) - Technology-driven online grocer Ocado Group announced the upcoming retirement of Luke Jensen, the current executive director and CEO of Ocado Solutions, on Thursday.

Read more
24 Jul 2023 17:09

UK's FTSE 100 edges higher on gains in energy shares

Vodafone Group up after Q1 results

*

Read more
24 Jul 2023 16:59

LONDON MARKET CLOSE: FTSE 100 shakes off weak PMI readings

(Alliance News) - Blue-chip European equities took confidence from a decent open in New York, despite some less-than-stellar PMI data darkening the mood earlier on Monday.

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.