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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 369.10
Bid: 369.00
Ask: 369.60
Change: 13.50 (3.80%)
Spread: 0.60 (0.163%)
Open: 365.30
High: 374.00
Low: 364.00
Prev. Close: 355.60
OCDO Live PriceLast checked at -

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UBS optimistic on UK supermarkets, 'buys' Tesco, Sainsbury and 'sells' Morrisons

Thu, 30th Apr 2015 13:40

Rather than fighting on price, UBS declared in its 'initiation of coverage' on the European food retail sector after its Evidence Lab undertook a large consumer survey in the UK, "the future is about differentiation".Overall, the earnings outlook for the European food retailers is "better than it was", with price competition set to ease, analysts think, as the grocers "become more rational, and focus on differentiation and price perception".Furthermore, the space race is slowing, which, combined with some early signs that the discounters are becoming capacity constrained, gives for a particularly positive reading for the UK.The Swiss bank proceeded to issue a 'buy' rating on Tesco, Sainsbury's and Ocado and France's Carrefour, together with and a 'sell' recommendation for Morrisons and Booker in the UK and Germany's Metro."Given our positive stance on the UK, we like Tesco and Sainsbury's, but we think Morrisons needs to invest more than consensus models."We think Ocado's unique business model is worth supporting. Carrefour has more recovering to do in France and we think Brazil is under-appreciated."Finally, on the cash and carry subsector, UBS said it worried that Metro's margin in Russia, at around 10%, is too high, and think market expectations for Booker's earnings are too high as well.
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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.

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23 Aug 2023 10:24

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

Ocado Retail cuts prices of 200 products

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23 Aug 2023 00:01

Britain's Ocado Retail cuts prices again

Heinz beans, Quaker oats among price reductions

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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24 Jul 2023 17:09

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

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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.

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24 Jul 2023 12:04

LONDON MARKET MIDDAY: China stimulus impatience keeps lid on sentiment

(Alliance News) - Equity prices in Europe were mixed heading into Monday afternoon, with a warning of the challenges facing the Chinese economy hurting investor sentiment at the start of a busy week of central banking action.

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24 Jul 2023 08:48

LONDON MARKET OPEN: Lower start with eyes on trio of rate decisions

(Alliance News) - Stock prices in London opened largely lower on Monday as markets looked ahead to a week of interest decisions from three major central banks.

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