Company
Ocado Group PLC
LON:OCDO
Ocado was launched in partnership with Waitrose in January 2002, and delivers quality groceries across selected areas of England and Wales. Our business was conceived with one simple objective in mind: to offer busy people a true alternative to going to the supermarket every week. By doing this, we created a totally new shopping experience, built entirely around our customers’ needs. By fulfilling orders from a dedicated warehouse, we can show virtually live inventory on our webshop, enabling customers to choose from a range of groceries that are actually in stock. By using unique logistics software and satellite navigation systems in our vans, we strive to deliver the right goods at the right time.
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Ocado falls as analyst pours cold water on bid hype
If there is no substance to the current bid chatter, the analyst said it will "do little to enhance the reputation of the stock"
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FTSE 100 closes modestly higher as banking recovery fragile; Wall Street mixed
The FTSE 100 ended Tuesday trade 0.2% firmer at 7,484, with little incentive to move higher
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FTSE 100 ends February in the red; US stocks stay mixed
Around 3.45pm, the FTSE 100 index was off 59 points, or 0.8% at 7,875 as dollar earners fell with sterling higher after NI protocol deal with the EU
Ocado downgraded by JPMorgan as needs a dozen more deals to 'justify valuation'
What is becoming clearer, said the US bank's analysts, is that "the shift towards more CFCs is likely to remain slow"
FIVE at FIVE: Cineworld soars; BP’s windfall tax call; Ocado deal gets Lotte love; Valereum Blockchain’s GSX takeover; UK prepares for tax rises
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Ocado deal gets Lotte love but sceptics still remain
Te deal for its Ocado Solutions business with the retail arm of South Korean conglomerate Lotte Group includes new technologies, meaning that multi-storey robot warehouses could be built for the first time
Ocado surges after making further push into Asia with South Korean tie-up
The online food retailer has signed a deal with Lotte Shopping to develop Lotte's online business using the Ocado Smart Platform with plans for six customer fulfilment centres (CFCs)
Ocado could expand its US presence with Kroger and Albertsons merger
A potential merger between the two largest standalone US grocers is good news for everyone involved at Ocado
Ocado cut to 'reduce' at HSBC and target price slashed 42% after profit warning
HSBC said the recent profit warning highlighted the challenges facing the retailer - namely falling profits and rising costs
Patience wearing thin for Ocado Group supporters club
Profit warnings have already reached three for the group this year and the shares have sunk to their lowest since May 2018
Ocado and M&S fall as joint venture issues another profit warning
The UK online grocery joint venture had also warned on profits after seeing similar trends in May
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FTSE 100 loses most of its gains at the close
The UK's blue-chip index ended 1.2% lower on the day at 7,386 points, having climbed over 7,500 before US CPI data
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Market movers: Peel Hunt upgrades Genus to buy as outlook in China improves
A look at some risers and fallers in the market today.
Ocado lifted by news of an upgrade from Barclays following results
The Barclays analysts said: "With Retail sales set to improve, balance sheet concerns reduced for the time being and CFC deal flow expectations tempered, we think the balance of upside and downside risks is now more evenly poised"
When will Ocado sell the rest of its UK retail arm to M&S?
The price is likely to have increased a lot from the £750mln M&S paid in 2020, but they would certainly be interested in buying, one analyst said
Ocado losses widen but confidence in future profits undimmed
Statutory losses before tax rose to £211.3mln from £27.9mln a year ago
FTSE 100 closes up as ECB delivers biggest interest rate rise since 2000
Britain's premier share index closed up 6.20 points, or 0.1% higher, at 7,270.51
FTSE 100 ends higher, extending recent gains, with Wall Street also on the up
At the close, the UK blue-chip index was 64.23 points, or 0.9% higher at 7,223.24, below the session peak of 7,268.88 but well above the opening low of 7,159.01
Investor diary packed as Ocado, Royal Mail, Nextflix and Tesla report, with kept on UK wages and inflation data
Other results and updates in the week are expected from AJ Bell, Beazly, Centamin, Diploma, Premier Foods and Victoria
Ocado results will be all about progress with partnerships
Shares in the online grocery group are down around 60% since the start of the year, but are roughly flat since May
Ocado slides after going in new direction with France's Casino
The agreements allow for the deployment of Ocado's in-store fulfilment solution across Groupe Casino's Monoprix stores in France
Ocado's robot-operated warehouses not as valuable as previously expected, says Credit Suisse
Analysts expect the group to turn cashflow-positive in 2026, but said there are still some major things that could go wrong
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FIVE at FIVE: EasyJet splashes on planes, Ocado slumps after fundraiser, Rolls-Royce hand employees £2,000 and DS Smith cardboard delight
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
'Hmm' says analyst as Ocado says funding will get it through to profits
“This is a placing that reflects material cash burn and concerns about liquidity,” said Clive Black at Shore Capital
Ocado investors sell stock as online grocer raises quick-fire £578mln
Some significant members of the shareholder register banked around £220mln
Ocado Retail warns on profits as customers order fewer items
The joint venture between Ocado and Marks & Spencer saw sales fall 8% in the second quarter
Ocado, Deliveroo feel the heat on prices
Former stay-at-home beneficiaries Deliveroo and Ocado joined a chorus of companies facing inflation pressure
Ocado Retail sees inflation, Ukraine weighing on online grocery outlook
The online grocer warned that the cost of living crisis, soaring energy costs and the Ukraine crisis may impact its revenue outlook for this year
The mystery (or not) of Ocado and its tanking shares
Shares in the company have been on a decline since the highs of last February, where they were trading at 2808p
Ocado bags contract for grocery and non-food retailer in Poland
The deal will see Ocado employ its latest generation robots as well as other new developments announced earlier this year
Ocado wins latest 'robot wars' round in court, but AutoStore plans US appeal
A UK High Court hearing of AutoStore’s patent infringement claim against Ocado begins next Tuesday
How did Ocado go from a grocery delivery service to a tech company?
Ocado aimed for a gap in the market whilst at the same time seeking to cut the cost of its own service
Another Ocado fundraiser likely says broker
The company has signed a joint venture agreement with Groupe Casino
Ocado and Casino extend partnership in France
"The online grocery channel in France has reached an inflection point, with a huge rise in demand for compelling, affordable and efficient grocery ecommerce propositions,” said Ocado CEO Tim Steiner
FTSE 100 ends lower as inflation data weighs
London's blue chips finish flat as US stocks slide midday
Ocado at forefront of vertical farming revolution, broker says
Vertical farming is forecast to grow by 20% per year through to 2030, with Credit Suisse pinpointing Ocado as the most engaged company
Ocado tumbles to pandemic low as analysts bemoan 'horrendous' guidance
Revenue growth of 7.2% to £2.5bn, of which most is from its UK joint venture with M&S, is “hardly the stuff of a fast-growing ‘tech co’,” scoffed one analyst
Ocado revenues rise but losses widen and labour shortage hits deliveries
Underlying earnings last year fell due to investment in the company's automated warehouses, while statutory losses widened 238%
Builders and building materials
Plenty to Tues from: BP cash bonanza, Ocado robot wars, SSE activist threat, and TUI's dilution risk
Also reporting on Tuesday are Bellway, Micro Focus International, Alumasc, Filtronic and Mattioli Woods
BP, Ocado, GSK, Astra and Unilever make for jam-packed week ahead
There's also Tui, SSE, Dunelm, PZ Cussons, Tate & Lyle, Bellway and Redrow, plus the US earnings season hasn't finished either
Ocado shares double-upgraded as new robots seen driving more fruitful partnerships
The online grocer's newly launched 'Re:Imagined' tech strategy is expected to expand its total addressable market
Ocado Retail and Tesco gain market share as (most) grocery shopping habits normalise
The cost of living squeeze was in evidence too, with supermarket price inflation of 3.8% for the latest four-week period
Ocado says new bots can slash labour costs by 40%
The delivery group outlines robotic future as it unveils new innovations
Ocado Group teases with promise of game-changing technology
Ocado's announcement of a virtual launch of "game-changing technology" on 26 January comes a day after a four-year-old video of a virtual supermarket was trending on Twitter
Festive grocery sales in 2021 down on previous year but price inflation at four-year high
Ocado sales bounced back in December, while Tesco and Sainsbury's sales declined along with the privately owned members of the Big Four
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FIVE at FIVE: Ocado lands legal blow, IPO party still going, run on Covid test kits - but FTSE 100 on the ropes
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you direct to the news and analysis
Ocado shares up 9% after winning the latest round of 'robot wars'
The case centres on the technology that drives the retailer's automated fulfilment centres
Ocado Retail says fourth-quarter sales hit by labour shortages; sees record Christmas
The online grocery company forecast mid-teens percentage growth in sales for 2022
Ocado wins first bout of US patent infringement case against rival
AutoStore said this initial determination was judged invalid "based on a narrow legal issue" and that it intends to challenge the decision
FTSE 100 ends lower as US stocks drop after strong PPI data ahead of Fed policy decison due Wednesday
At the close, the UK blue-chip index was down 12.80 points, or 0.2% at 7,218.64, the session low, well below the day's peak of 7,284.47
Ocado and M&S to report on quarterly sales but will be eyeing Plan B and Plan C effects
Other updates on Tuesday include Joules Group, Watches of Switzerland, Chemring and RWS Holdings, as well as unemployment numbers from the ONS
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Ocado and EQTEC among few risers on Covid-battered morning
A look at the major movers on the London market on Friday
Ocado fails to find favour with leading investment bank
Credit Suisse cut its target price to 1,500p a share from 1,550p while maintaining its ‘underperform’ recommendation
UBS revisits its top five long-term investment themes; Ocado shareholders might not be too chuffed
The automation and robotics investment theme gets binned from the top five due to a less attractive valuation relative to other themes.
Ocado invests £10mln in start-up Wayve to accelerate autonomous grocery deliveries
Wayve’s technology will be fitted onto a selection of Ocado delivery vans and tested on urban delivery routes for 12 months
Ocado hit by rising staff costs and fire damage
M&S products now represent 29% of the order basket
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Ocado and M&S in focus as households return to pre-pandemic grocery trends
Other results are expected on Tuesday from Accesso Technology, Chemring, JD Sports, Made.com, MJ Gleeson and Petra Diamonds
Ocado still most credible online grocer but facing growing challenges, says UBS
Competition is rife as more grocers are opting for micro fulfilment centre-based models
Ocado sees first sales dip as shoppers continue return to pre-pandemic habits
Sales were down across the board, with Waitrose being the only grocer seeing a rise
Ocado and supermarket trends, BHP and the mining cycle both in focus on Tuesday
Other results will include half-year numbers from Just Eat Takeaway.com, Plus500 and Polypipe
Ocado share price ‘excessively high’, says Barclays
Analysts at the investment bank said while the overvaluation of the grocery delivery firm was "less pronounced" than previously, its value is still "much more debatable" than other stocks in their coverage
Online grocery sales fall for first time as people return to work
Overall grocery sales fell by 5.1% in the twelve weeks to 11 July 2021
Ocado suffers fire at South London fulfilment centre
No one has been injured and all staff on site are safe