Ocado 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.
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.
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