Grocery inflation hits 10-year high
29th Mar 2022 10:21
(Sharecast News) - UK shoppers are increasingly turning to cheaper own brand products, industry data showed on Tuesday, as grocery inflation rose to a near decade high.
Read moreOcado Q1 revenue drops, warns on inflation
17th Mar 2022 07:11
(Sharecast News) - Ocado's retail revenue fell in the first quarter of 2022 as the online grocer warned about uncertainty caused by the rising cost of living.
Read moreOcado teams up with Auchan Retail to develop Polish online business
15th Mar 2022 07:42
(Sharecast News) - Online grocer Ocado said on Tuesday that it had agreed to partner up with Auchan Retail to develop its online business in Poland using the Ocado Smart Platform.
Read moreITC rejects infringement claims against Ocado for second time
11th Mar 2022 08:34
(Sharecast News) - Online grocer Ocado revealed on Friday that the International Trade Commission had rejected 33 claims from fulfilment business AutoStore that it had infringed upon its patents with its proprietary technology.
Read moreBerenberg lowers target price on Ocado
1st Mar 2022 09:35
(Sharecast News) - Analysts at Berenberg lowered their target price on online grocery giant Ocado from 1,990.0p to 1,800.0p on Tuesday, stating that innovation implications were "underappreciated".
Read moreOcado, Casino extend deal, create new joint venture
17th Feb 2022 07:04
(Sharecast News) - UK online grocer and technology group Ocado and France's Groupe Casino on Thursday unveiled plans to develop logistics warehouses for French retailers as they signed a deal to extend their current partnership.
Read moreOcado shares drop as spending drives wider annual loss
8th Feb 2022 07:04
(Sharecast News) - Ocado's annual loss widened as increased investment in its solutions business more than offset higher revenue at the online retailer and technology group.
Read moreOcado surges after double upgrade from Credit Suisse
2nd Feb 2022 09:32
(Sharecast News) - Ocado surged to the top of the FTSE 100 on Wednesday after Credit Suisse upgraded shares of the online supermarket to 'outperform' from 'underperform' and hiked its price target to 1,750p from 1,500p as it argued that current levels offer a buying opportunity.
Read moreSupermarket prices rise as cost of living mounts
1st Feb 2022 08:57
(Sharecast News) - Grocery inflation hit 3.8% in December, industry data showed on Tuesday, as the cost of living continued to mount.
Read moreGerman court halts Ocado case against AutoStore
28th Jan 2022 09:24
(Sharecast News) - Ocado was under the cosh on Friday after a German court considered that its IP rights may be invalid and halted its case against Norwegian robotics company AutoStore.
Read moreBerenberg ups Ocado to 'buy', cites attractive entry point
5th Jan 2022 09:07
(Sharecast News) - Ocado rallied on Wednesday after Berenberg lifted its stance on the stock to 'buy' from 'hold', highlighting an attractive entry point.
Read moreOcado Q4 revenues fall as labour shortages bite
14th Dec 2021 07:48
(Sharecast News) - UK online supermarket Ocado Retail said revenue in its final quarter fell 3.9% year-on-year, as it felt the impact of labour shortages.
Read moreOcado wins patent trial against Norway's AutoStore at ITC
14th Dec 2021 07:05
(Sharecast News) - British online supermarket group Ocado on Monday said it had won a patent infringement lawsuit filed by Norwegian robotics company AutoStore Holdings in the International Trade Commission (ITC).
Read moreJefferies nearly doubles target price on Ocado stock
8th Dec 2021 14:43
(Sharecast News) - Analysts at Jefferies almost doubled their target price on grocery outfit Ocado from 950.0p to 1,850.0p on Wednesday as they upgraded the stock from 'underperform' to 'hold'.
Read moreCost of Christmas dinner jumps as food prices rise
7th Dec 2021 09:41
(Sharecast News) - Food inflation pushed higher last month, industry data showed on Tuesday, with Christmas staples already costing more.
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