Roundtable Discussion; The Future of Mineral Sands. Watch the video 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: 343.60
Bid: 342.90
Ask: 343.60
Change: 0.50 (0.15%)
Spread: 0.70 (0.204%)
Open: 344.20
High: 348.00
Low: 340.90
Prev. Close: 343.10
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
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
14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

Read more
14 Dec 2023 09:57

Ocado shares jump but Goldman sees little upside

(Sharecast News) - Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.

Read more
14 Dec 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises Compass and Marston's

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

Read more
14 Dec 2023 09:04

LONDON MARKET OPEN: Stocks rally on dovish Fed; eyes on Boe, ECB

(Alliance News) - Stock prices in London rallied at the open on Thursday, as investors celebrated anticipated cuts to US interest rates in 2024.

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.