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: 354.10
Bid: 390.00
Ask: 327.60
Change: 6.60 (1.90%)
Spread: -62.40 (-16.00%)
Open: 348.60
High: 359.00
Low: 346.80
Prev. Close: 347.50
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Britain's Eat Out scheme takes bite out of grocery sales growth

Tue, 15th Sep 2020 11:52

(Adds details, table)
LONDON, Sept 15 (Reuters) - Britain's grocery sales growth
slowed to 8.0% year-on-year in August, the lowest since April,
hurt by a state-funded scheme designed to get people to return
to pubs, cafes and restaurants during the COVID crisis, industry
data showed on Tuesday.
Market researcher Kantar said fewer meals eaten at home
meant UK shoppers spent 155 million pounds ($200 million) less
in supermarkets in August compared with July, as the "Eat Out to
Help out" scheme ran throughout the month and some aspects of
pre-pandemic life resumed.
“Grocery growth tailed off in August as the government’s Eat
Out to Help Out scheme got underway and people were encouraged
to return to offices and resume normal routines," said Fraser
McKevitt, head of retail and consumer insight at Kantar.
Over the 12 weeks to Sept. 6 grocery sales rose 10.8%, with
many households still working from home.
Kantar said online grocery sales rose 77% year-on-year in
August, bringing the cumulative increase in orders to 3.2
billion pounds ($4.1 billion) since lockdown began.
Online pioneer Ocado was the fastest growing grocer
over the 12-week period with sales up 41.2%.
Of Britain's big four supermarket groups, Morrisons,
the No. 4 player, was the best performer with sales up 12.9%.

Market leader Tesco saw growth of 10.5%, while
Sainsbury's sales were up 8.0%. Walmart owned
Asda was again the laggard with growth of 6.3%.
Sales at the Co-operative Group rose by 13.4%, but
increased by more than double that rate in northern England,
where local lockdowns meant consumers continued to shop closer
to home.
Kantar said grocery inflation over the 12 weeks was 2.3%,
with prices rising fastest in markets such as ice cream, colas
and fresh bacon while falling in fresh poultry, vegetables and
toilet tissues.

Market share and sales growth (%)
12 wks to 12 wks to pct change
Sept. 6 2020 Sept. 8 2019 in sales
Tesco 26.8 26.8 10.5
Sainsbury's 14.9 15.3 8.0
Asda 14.5 15.1 6.3
Morrisons 10.1 9.9 12.9
Aldi 8.0 8.1 10.0
Co-operative 6.8 6.6 13.4
Lidl 6.0 6.0 11.4
Waitrose 4.9 5.0 7.3
Iceland 2.4 2.2 20.8
Ocado 1.7 1.4 41.2
Source: Kantar

($1 = 0.7756 pounds)


(Reporting by James Davey; editing by Sarah Young and Ed
Osmond)

More News
20 Jun 2023 09:01

LONDON MARKET OPEN: Muted open in Europe on lack of US impetus

(Alliance News) - Stock prices in London opened mixed on Tuesday, amid a lack of market drivers, as investors look ahead to a UK interest rate decision on Thursday.

Read more
20 Jun 2023 08:30

TOP NEWS: UK grocery inflation fades to year-to-date low - Kantar

(Alliance News) - UK grocery price inflation eased to its lowest level since last year, numbers on Tuesday showed, though it remained in robust shape, helping boost the market share of discounters.

Read more
20 Jun 2023 08:22

Broker tips: Ocado, Abcam

(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.

Read more
20 Jun 2023 07:56

LONDON BRIEFING: abrdn sells HDFC stake; Lookers agrees to buyout

(Alliance News) - Stocks in London were expected to fall further on Tuesday's open, with investors awaiting UK inflation data and a Bank of England rate announcement later this week.

Read more
16 Jun 2023 17:01

LONDON MARKET CLOSE: FTSE 100 ends a week of rate decisions higher

(Alliance News) - Stocks in London ended largely higher on Friday, following a busy week centred on the interest rate decisions of three major central banks.

Read more
12 Jun 2023 12:08

LONDON MARKET MIDDAY: Stocks firm as expected Fed pause still in doubt

(Alliance News) - Stock prices in London were tentatively higher at midday on Monday, as investors looked ahead to a key US inflation print on Tuesday with some caution ahead of the Federal Reserve's next interest rate decision.

Read more
12 Jun 2023 09:19

LONDON BROKER RATINGS: Goldman Sachs cuts Great Portland to 'sell'

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

Read more
12 Jun 2023 08:57

LONDON MARKET OPEN: Upbeat market mood ahead of rate decisions

(Alliance News) - Stock prices in London opened higher on Monday as markets looked ahead to three major central bank policy meetings, in the US, EU and Japan, with increasing confidence in their outcome.

Read more
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

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.