Ocado 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.
Read moreShares in M&S spark on takeover rumours
22nd Nov 2021 10:11
(Sharecast News) - Shares in Marks & Spencer jumped on Monday after it was reported that an investment firm was interested in the high street stalwart.
Read moreOcado surges as Deutsche Bank hints at possible buyout by M&S
19th Nov 2021 08:08
(Sharecast News) - Ocado surged to the top of the FTSE 100 on Friday as Deutsche Bank hinted at a possible buyout by Marks & Spencer.
Read moreSupermarket visits jump as shoppers look to Christmas
16th Nov 2021 10:34
(Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.
Read moreSupermarket prices surge as cost pressures bite
9th Nov 2021 10:51
(Sharecast News) - Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.
Read moreCredit Suisse reiterates 'underperform' on Ocado, cuts price target
26th Oct 2021 12:30
(Sharecast News) - Credit Suisse reiterated its 'underperform' rating on shares of online supermarket Ocado on Tuesday and cut the price target to 1,500p from 1,550p as it said there was "little room for new optimism".
Read moreUK grocery sales fall as fuel crisis keeps shoppers at home
12th Oct 2021 07:44
(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
Read moreSupermarket prices rise as cost pressures mount
14th Sep 2021 09:53
(Sharecast News) - Supermarket prices rose sharply in September as grocers cut in-store promotions amid increased cost pressures, a survey showed.
Read more