Grocery 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.
Read moreBerenberg lowers target price on Ocado
25th Jul 2022 08:39
(Sharecast News) - Analysts at Berenberg lowered their target price on online grocer Ocado from 1,415.0p to 1,290.0p on Monday but noted that the group's solutions division remained "on track".
Read moreOcado swings to H1 loss as retail EBITDA drops
21st Jul 2022 07:13
(Sharecast News) - Online grocer Ocado said on Thursday that it had swung to an underlying loss in the six months ended 29 May, principally due to a £72.8m drop in retail EBITDA as a result of lower sales and cost inflation.
Read moreGrocery bills mount as inflation surges - Kantar
19th Jul 2022 07:46
(Sharecast News) - Grocery inflation has rocketed to nearly 10%, industry data showed on Tuesday, as supply chain pressures continue to drive up prices.
Read moreGrocery volumes ease as shoppers look to manage spending
28th Jun 2022 12:19
(Sharecast News) - Grocery volumes eased in June, industry data showed on Tuesday, as soaring inflation and the rising cost of living weighed heavily.
Read moreCredit Suisse downgrades Ocado, slashes price target
27th Jun 2022 08:26
(Sharecast News) - Credit Suisse downgraded Ocado on Monday to 'neutral' from 'outperform' and slashed the price target to 960p from 1,600p.
Read moreAnnual grocery bills to soar by £380 - Kantar
21st Jun 2022 10:43
(Sharecast News) - The average annual grocery bill is set to rise by nearly £400 this year, according to research published on Tuesday, as surging inflation continues to push up prices.
Read moreOcado raises £575m in share placing to fund expansion
21st Jun 2022 08:21
(Sharecast News) - Ocado said on Tuesday that it had raised around £575m in a share placing to fund its expansion.
Read moreOcado to raise £575m in placing, secures new £300m banking facility
20th Jun 2022 18:58
(Sharecast News) - Ocado said on Monday that it was planning to raise £575m in a share placing to help fund its expansion, as it announced a new £300m banking facility.
Read moreOcado cuts sales targets as cost of living crisis bites
25th May 2022 09:41
(Sharecast News) - Ocado Retail blamed the cost of living crisis on Wednesday as it cut annual sales targets, sending shares in the online retailer lower.
Read moreM&S warns on outlook as profits spark
25th May 2022 07:00
(Sharecast News) - Marks & Spencer reported a jump in annual earnings on Wednesday, boosted by a strong performance in food, but warned that growing headwinds could curtail profits in the current year.
Read moreGrocery inflation hits 13-year high
24th May 2022 11:48
(Sharecast News) - Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis continued to mount.
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