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: 360.00
Bid: 357.60
Ask: 358.30
Change: -3.10 (-0.85%)
Spread: 0.70 (0.196%)
Open: 364.00
High: 367.70
Low: 355.60
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
4 Apr 2024 08:03

Ocado chair Haythornthwaite to step down next year

(Sharecast News) - Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.

Read more
4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

Read more
26 Mar 2024 17:20

European shares end higher on financials boost; Rubis shimmers

Flutter rises on upbeat forecast

*

Read more
26 Mar 2024 17:06

London close: Stocks rise as US consumer confidence remains stable

(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.

Read more
26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

Petershill Partners up on mulling share buyback plan

*

Read more
26 Mar 2024 16:59

LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day

(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

Read more
26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

Read more
26 Mar 2024 11:04

Ocado Retail sales rise as sharper prices win customers

Q1 revenue up 10.6%

*

Read more
26 Mar 2024 09:29

Ocado, M&S still talking over final Ocado Retail payment, says jv CEO

LONDON, March 26 (Reuters) -

Read more
26 Mar 2024 09:09

TOP NEWS: Ocado Retail backs outlook after strong start to 2024

(Alliance News) - Ocado Retail Ltd on Tuesday said sales had grown strongly at the start of 2024 boosted by a broader product range and price cuts.

Read more
26 Mar 2024 08:58

LONDON MARKET OPEN: Stocks continue slow-down amid global tensions

(Alliance News) - Stock prices in London opened lower on Tuesday as a slow start to the week continues, with investors having simmering global tensions to be mindful of.

Read more
26 Mar 2024 08:48

Ocado, M&S still talking over final payment for Ocado Retail JV-CEO

LONDON, March 26 (Reuters) - Conversations between Ocado and Marks & Spencer over the final payment for the pair's Ocado Retail joint venture are ongoing, said Ocado Retail's chief executive Hannah Gibson. (Reporting by James Davey; Editing by Kate Holton)

Read more
26 Mar 2024 08:41

TOP NEWS: Grocery inflation hits 2-year low while sales get Easter boost

(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.

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.