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: 354.30
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
16 Jan 2024 08:30

TOP NEWS: Ocado celebrates record Christmas trading; outlook rosy

(Alliance News) - Ocado Group PLC on Tuesday said it is confident its "encouraging momentum" will continue over 2024, forecasting further sales growth as it hailed a record Christmas trading period.

Read more
16 Jan 2024 08:26

Britain's Ocado Retail returns to positive earnings in 2022/23 year

Q4 2022/23 revenue up 10.9%

*

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
16 Jan 2024 07:16

Ocado forecasts return to FY positive core earnings as sales rise

(Sharecast News) - Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.

Read more
16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

Read more
15 Jan 2024 15:37

London close: Stocks mixed on relatively quiet Monday

(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.

Read more
10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

Read more
5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

*

Read more
3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

Read more
20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

Read more
19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

Read more
19 Dec 2023 07:00

Not just for Christmas: Britain's M&S targets more regular food shoppers

M&S food shopper numbers jump at Christmas

*

Read more
14 Dec 2023 17:19

UK's FTSE 100 hits 12-week high, but trims gains after BoE rates pushback

BoE holds rates at 5.25%

*

Read more
14 Dec 2023 16:40

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.

Read more
14 Dec 2023 13:03

Broker tips: Compass, Marston's, Ocado, Hochschild

(Sharecast News) - JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's after its latest review of the Europe-listed leisure sector.

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.