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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: 455.10
Bid: 454.00
Ask: 454.40
Change: 0.00 (0.00%)
Spread: 0.40 (0.088%)
Open: 0.00
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Low: 0.00
Prev. Close: 455.10
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UPDATE 2-UK stocks end week largely unchanged on Brexit, coronavirus headwinds

Fri, 18th Sep 2020 09:45

* Britain's novel coronavirus cases surge

* UK retail sales rise in August

* Man Group gains on share buyback program

* Online supermarket Ocado best weekly performing blue-chip
(Adds details, updates to market close)

By Shashank Nayar and Ambar Warrick

Sept 18 (Reuters) - Consumer stocks weighed down London's
mid-cap index on Friday after a rise in new coronavirus cases
stoked fears of new lockdown measures, and the blue-chip index
was bogged down by major energy stocks.

The FTSE 250 index shed 1% as the spectre of a
no-deal Brexit also loomed over markets, and the FTSE 100
fell 0.7%. Both indexes marked lacklustre moves for the
week.

Online supermarket Ocado Group was the best weekly
performing bluechip stock. Security firm G4S Plc was the
best performing mid-cap.

Britain's health minister said the novel coronavirus was
accelerating, with hospital admissions doubling every eight
days, but declined to say whether another national lockdown
would be imposed next month.

"There is a glass half-empty, half-full situation right
now," said Roland Kaloyan, strategist at SocGen.

"On one end, we are seeing headline numbers like retail
sales improve, while on the other end the rise in coronavirus
cases and the uncertainty around Brexit are acting as an
overhang, leading to some risk aversion in markets."

Data on Friday showed British shoppers continued to increase
spending last month, particularly online.

But with new curbs on social activity, most other consumer
sectors, especially the restaurant business, are expected to
remain under pressure as infections spread.

A raft of stimulus and optimism around a post-pandemic
recovery have helped the FTSE 100 bounce back from a
coronavirus-induced slump in March, but the index has lagged its
U.S. and European peers, with the domestic economy heading
towards its worst recession in 300 years.

Banks were among the worst performing FTSE
sector this week after the Bank of England flagged a possible
shift to negative rates.

In company news, British hedge fund manager Man Group
rose 4.1% after it said it would start a share buyback
programme of up to $100 million, with around 66 million shares
to be acquired.
(Reporting by Shashank Nayar in Bengaluru; Editing by
Subhranshu Sahu, Uttaresh.V and Timothy Heritage)

More News
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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26 Mar 2024 17:20

European shares end higher on financials boost; Rubis shimmers

Flutter rises on upbeat forecast

*

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26 Mar 2024 17:06

London close: Stocks rise as US consumer confidence remains stable

(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.

Read more
26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

Petershill Partners up on mulling share buyback plan

*

Read more
26 Mar 2024 16:59

LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day

(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

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26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

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26 Mar 2024 11:04

Ocado Retail sales rise as sharper prices win customers

Q1 revenue up 10.6%

*

Read more
26 Mar 2024 09:29

Ocado, M&S still talking over final Ocado Retail payment, says jv CEO

LONDON, March 26 (Reuters) -

Read more
26 Mar 2024 09:09

TOP NEWS: Ocado Retail backs outlook after strong start to 2024

(Alliance News) - Ocado Retail Ltd on Tuesday said sales had grown strongly at the start of 2024 boosted by a broader product range and price cuts.

Read more
26 Mar 2024 08:58

LONDON MARKET OPEN: Stocks continue slow-down amid global tensions

(Alliance News) - Stock prices in London opened lower on Tuesday as a slow start to the week continues, with investors having simmering global tensions to be mindful of.

Read more
26 Mar 2024 08:48

Ocado, M&S still talking over final payment for Ocado Retail JV-CEO

LONDON, March 26 (Reuters) - Conversations between Ocado and Marks & Spencer over the final payment for the pair's Ocado Retail joint venture are ongoing, said Ocado Retail's chief executive Hannah Gibson. (Reporting by James Davey; Editing by Kate Holton)

Read more
26 Mar 2024 08:41

TOP NEWS: Grocery inflation hits 2-year low while sales get Easter boost

(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.

Read more
26 Mar 2024 08:00

British grocery price inflation slows to 4.5%, Kantar says

*
UK grocery inflation at lowest level since Feb. 2022 -Kantar

Read more
26 Mar 2024 07:22

Ocado Retail sees strong first-quarter growth

(Sharecast News) - Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8.1% year-on-year increase in total item volumes propelling retail revenue to £645.3m, itself up 10.6%.

Read more
26 Mar 2024 07:03

Ocado Retail quarterly sales up 10.6% as it wins more customers

LONDON, March 26 (Reuters) - British online supermarket Ocado Retail kept its guidance for its 2023-24 year after reporting a 10.6% increase in revenue in its latest quarter that reflected growth in customer numbers. (Reporting by James Davey, Editing by Paul Sandle)

Read more

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