Grocery inflation surges to 16.7%
31st Jan 2023 09:54
(Sharecast News) - Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills.
Read moreRBC Capital downgrades Ocado, Boohoo
26th Jan 2023 13:02
(Sharecast News) - RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
Read moreOcado Retail posts flat fourth-quarter sales
17th Jan 2023 08:00
(Sharecast News) - Ocado Retail - a 50:50 joint venture between Ocado and Marks & Spencer - posted more or less flat fourth-quarter sales on Tuesday, with the average basket size down as shoppers bought less.
Read moreGrocery inflation nudges lower for first time in 21 months
6th Dec 2022 09:52
(Sharecast News) - Food inflation eased marginally in November, industry data showed on Tuesday, the first decline in nearly two years.
Read moreShares in Ocado fall sharply as Tempus says 'avoid'
15th Nov 2022 07:29
(Sharecast News) - Shares in Ocado Group slumped on Tuesday, bringing a recent rally in the online grocer to an abrupt halt.
Read moreShop price inflation hits fresh high
8th Nov 2022 07:37
(Sharecast News) - Grocery inflation has soared to a fresh record of nearly 15%, industry data showed on Tuesday, adding hundreds of pounds to annual shopping bills.
Read moreJPMorgan downgrades Ocado, says CFC pipeline rollout will remain slow
2nd Nov 2022 11:10
(Sharecast News) - JPMorgan Cazenove downgraded its stance on Ocado on Wednesday to 'underweight' from 'neutral' as it argued that the customer fulfilment centre (CFC) pipeline rollout was likely to remain slow.
Read moreOcado strikes partnership with South Korea's Lotte Shopping
1st Nov 2022 07:25
(Sharecast News) - Grocery technology firm Ocado has struck a partnership with South Korean business conglomerate Lotte Shopping to develop the latter's online offering.
Read moreOcado surges on Kroger-Albertsons deal
14th Oct 2022 14:59
(Sharecast News) - Online supermarket Ocado surged on Friday after US grocery chain Kroger - with which it has a partnership - agreed to buy rival Albertsons in a $24.6bn deal.
Read moreUS grocery chain Kroger to buy rival Albertsons in $24.6bn deal
14th Oct 2022 12:28
(Sharecast News) - US grocery chain Kroger has agreed to buy rival Albertsons in a $24.6bn deal.
Read moreDirector dealings: Ocado non-exec spends £2.7m after share plunge
16th Sep 2022 14:42
(Sharecast News) - One of Ocado's non-executive directors took advantage of its share price plunge this week, as the company disclosed a purchase worth almost £3m on Friday.
Read moreGrocery price inflation hits new record as shoppers hunt for bargains
13th Sep 2022 09:03
(Sharecast News) - Grocery price inflation reached a new record in August, according to fresh research released on Tuesday, with Britons further switching to cheaper lines and discount supermarkets.
Read moreOcado warns of FY sales fall as customers tighten belts
13th Sep 2022 07:05
(Sharecast News) - Shares in UK online grocery firm Ocado Retail plunged on Tuesday as the company said it expected a small fall in annual sales as customers started to tighten their belts and bought fewer items amid the cost-of-living crisis.
Read moreBarclays upgrades Ocado to 'equalweight'
8th Sep 2022 12:14
(Sharecast News) - Barclays upgraded Ocado on Thursday to 'equalweight' from 'underweight' as it cut the price target to 775p from 1,500p, arguing that risks are more evenly balanced.
Read moreOcado names Mark Richardson as CEO of new business unit
28th Jul 2022 08:00
(Sharecast News) - Grocery technology business Ocado revealed on Thursday that chief operating officer Mark Richardson had been tapped to take over as chief executive of a new business unit aimed at extending Ocado's product offering into new market sectors.
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