Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 343.50
Bid: 346.60
Ask: 346.70
Change: -11.50 (-3.24%)
Spread: 0.10 (0.029%)
Open: 353.70
High: 361.60
Low: 340.20
Prev. Close: 355.00
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-British supermarkets' plea to shoppers: stop panic buying

Sun, 15th Mar 2020 11:43

* UK food retailers tell customers to be considerate

* Letter published in national newspapers

* Social media awash with pictures of empty shelves
(Adds signatories, health secretary comments)

By James Davey

LONDON, March 15 (Reuters) - Britain's food retailers
appealed to shoppers on Sunday to stop panic buying during the
coronavirus outbreak, saying purchasing more than they need
would mean others will be left without.

The British Retail Consortium (BRC), which represents
supermarket groups, said retailers had come together to write to
their customers, calling on them to be considerate in the way
they shop.

The letter, signed by Tesco, Sainsbury's,
Asda, Morrisons, Aldi, Lidl, Coop, Waitrose, M&S
, Iceland, Ocado and Costcutter, was published
in adverts in national newspapers on Sunday.

"We understand your concerns but buying more than is needed
can sometimes mean that others will be left without. There is
enough for everyone if we all work together," the letter said.

Social media has been awash over the last week with pictures
of empty shelves in Britain's major supermarkets, with items
like dried pasta, toilet rolls and canned food particularly
sought after.

Britain's Health Secretary Matt Hancock said the government
was confident that food supplies were secure, but everybody had
to act responsibly as part of a national effort.

"If you are buying food for instance and loo roll you buy
what you need, because there's an impact on others," he told
BBC's Andrew Marr programme on Sunday.

Trading in British supermarkets has been intense, with some
shop bosses saying it can only be compared to the pre-Christmas
rush.

Anecdotal evidence suggested activity had stepped-up further
since Thursday when Prime Minister Boris Johnson said those
showing even mild symptoms of having the virus should
self-isolate for at least seven days.

As of Saturday, 21 people had died after testing positive
for COVID-19 in Britain, health authorities said.

The food retailers said in the letter they were working
closely with government and suppliers to keep food moving
quickly through the system and making more deliveries to stores
to ensure shelves were stocked.

They also said retailers with online delivery and
click-and-collect services were running at full capacity.

Tesco Chairman John Allan said on Thursday it was unlikely
the retailer, which has a 27.2% share of the British grocery
market, would experience anything worse than "very short term,
temporary" shortages of certain products.
(Reporting by James Davey and Paul Sandle; Editing by Catherine
Evans and Edmund Blair)

More News
16 Jan 2024 09:08

Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail is currently operating at about 75% of its capacity and does not expect to open any new robotic warehouses in the UK for two to three years, its boss said on Tuesday.

Read more
16 Jan 2024 08:50

Ocado Retail CEO: Red Sea disruption impact will be minimal

LONDON, Jan 16 (Reuters) - The chief executive of Ocado Retail said she is not expecting to see much impact on the British online supermarket from disruption to shipping in the Red Sea.

Read more
16 Jan 2024 08:48

LONDON MARKET OPEN: FTSE 100 in red; UK wage growth cools

(Alliance News) - The FTSE 100 in London opened lower on Tuesday, after data showed that wage growth in the UK slowed in the three months to November.

Read more
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

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.