Ocado 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.
Read moreGrocery 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.
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