Ocado to close Hatfield warehouse; 2,300 jobs at risk
25th Apr 2023 09:45
(Sharecast News) - Online supermarket Ocado said on Tuesday that Ocado Retail - its joint venture with Marks & Spencer - is planning to end operations at the Hatfield Customer Fulfilment Centre, putting more than 2,000 jobs at risk.
Read moreOcado wins UK patent infringement suit brought by AutoStore
30th Mar 2023 17:14
(Sharecast News) - Online supermarket and technology company Ocado said on Thursday that it had "comprehensively won" a patent infringement suit brought by Norwegian warehouse robotics group AutoStore at the UK High Court.
Read moreFood inflation soars to record 17.5% - Kantar
28th Mar 2023 09:27
(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
Read moreOcado Retail sees revenues rise despite 'challenging' backdrop
28th Mar 2023 07:01
(Sharecast News) - Ocado Retail reported a rise in first-quarter revenues on Tuesday despite a fall in basket sizes, and said it remained on track to return to sales growth and profitability.
Read moreTuesday preview: US house price data, Ocado in the spotlight
27th Mar 2023 12:25
(Sharecast News) - Financial markets' focus on Tuesday would be on the latest house price figures out of the US, alongside a smattering of speeches from central bankers from around the world.
Read moreSunday newspaper round-up: HSBC, Easyjet, Sky
26th Mar 2023 13:22
(Sharecast News) - A group of investors in Hong Kong have jostled HSBC into a shareholder vote on its structure and strategy, including a possible spin-off of its Asian unit. The group was led by minority shareholder Ken Lui. Its argument was that the Asian unit was "effectively subsidising" the western business to the detriment of shareholders. It was not clear if Chinese insurer Ping An would back Lui's latest move. For its part, the board told shareholders in a notice sent ahead of its AGM on 5 May that such a spin-off would "significantly dilute" its strategy, result in a material loss of value and lead to lower dividends, The Sunday Times first reported. - Guardian
Read moreOcado losses widen to £500m as retail operations hammered
28th Feb 2023 07:02
(Sharecast News) - UK online grocer and technology company Ocado Group posted wider losses as the cost of living crisis and return to normal shopping habits after the Covid pandemic hammered its joint venture with Marks & Spencer .
Read moreTuesday preview: US house price surveys, Ocado in the spotlight
27th Feb 2023 13:48
(Sharecast News) - The market spotlight on Tuesday would be house price surveys for the US covering the month of December.
Read moreGrocery 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.
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