Berenberg 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.
Read moreOcado buys US robot startup for €10.2m
23rd May 2022 13:10
(Sharecast News) - Ocado Group on Monday said it was buying US robotics startup Myrmex for €10.2m (£8m).
Read moreDirector dealings: Ocado chair invests £0.1m, UP execs sell into family ISAs
10th May 2022 15:36
(Sharecast News) - Ocado Group was at the top of a long list of director buys on Tuesday afternoon, after its non-executive chair spent more than £0.1m on shares.
Read moreOcado shareholders revolt over CEO bonus plan
4th May 2022 17:17
(Sharecast News) - Just under 30% of Ocado shareholders voted against its directors' policy pay at the annual general meeting on Wednesday.
Read moreGrocery inflation hits fresh high
26th Apr 2022 08:53
(Sharecast News) - Grocery price inflation continued to mount in April, research showed on Tuesday, to hit levels not seen in over a decade.
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