Company
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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The firm said the deal will have minimal impact to earnings in full year 2017, but expects the transaction to be earnings neutral with the costs of establishing the partnership, offsetting initial fees payable
Credit Suisse’s analysts pointed out that Ocado shares have fallen by more than 20% over the past 4 weeks, materially underperforming their food retailing peers
The German bank warned of: “Slow market growth, market share losses in the supermarket channel and intensifying competitive and cost pressures will continue to restrict growth and margin expansion for Tesco, Sainsbury and Morrison”
The pound's weakness is the source of the Footsie's late strength
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Sterling's strength weighed on FTSE 100 stocks today
George Salmon, equity analyst at Hargreaves Lansdown said: “The technology kitting out its highly impressive order processing sites is whirring ever faster, and with demand continuing to grow, Ocado has once again chalked up double digit re
Petro Matad was the morning's standout loser, with its shares losing more than 35%, meanwhile, in the blue-chip market the supermarkets were moving higher.
In a trading update, the FTSE 250-listed firm said its retail revenue rose by 13.1% to £312.7mln in its third quarter to August 27, an improvement on the 12.5% growth seen in its first half
The FTSE 100 remained in positive territory while the Dow set another new high.
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Day ahead includes a third quarter trading update from Ocado, plus interim results from Iraq-focused explorer Gulf Keystone, and the start of the latest two-day Federal Reserve policy meeting
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The benchmark for UK blue-chip shares closed up almost 38 at 7,253
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Week ahead includes Federal Reserve interest rate announcement, UK retail sales data, second quarter results from Kingfisher PLC, and trading update from Ocado PLC
Cadence rose after it unveiled plans to offload one of its investments
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The FTSE 100 traded in a narrow band all day, finishing 5 points lower at 7,319
ITV, Burberry and GlaxoSmithKline could face potential bids from international rivals as a weaker pound stokes interest in a number of UK-based firms
Ocado has seen a pick-up in enquires from US supermarkets interested in possible deals with the online retailer after Amazon announced a deal to buy Whole Foods
Ocado reported a 12.5% increase in revenue in the first half, supported by the shifting trend towards online grocery shopping
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The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Ocado's first half figures are expected to show a similar trend to its first quarter trading update
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A look at Wednesday's agenda with interims from Ocado Group and trading statements from Booker Group, Persimmon and McCarthy & Stone
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Week ahead, J Sainsbury, Non-farm payrolls, Ocado, Imagination Technologies
Kantar Worldpanel said overall supermarket sales rose by 5.0% in the 12 weeks to June 18, a stark contrast to the 0.2% decline seen this time last year
The bank's analysts pointed out that while there remains a fear of Amazon entering the UK, the food retail sector is likely to remain depressed
In a ‘Global Food Retailing’ note to clients, analysts’ at Credit Suisse reiterated their three reasons why they see the Amazon/Whole Foods deal as being positive for Ocado
A look at the biggest risers and fallers in London today
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The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
Neil Wilson, senior market analyst at ETX Capital, said: "Investors have shown a great deal of patience and while the rewards from this agreement won’t be immediately forthcoming, it bodes well for the future"
The FTSE 250-listed group said: “The retailer wishes to remain anonymous until it launches its online business in order to retain competitive advantage.”
The FTSE 100 was subdued in early trade and after the weekend's horrors
Grocery price inflation was up 2.9% year-on-year in the 12 weeks to May 21, from a 2.6% increase in the previous three month period.
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Day ahead; J Sainsbury, Ocado, Imperial Brands, Paddy Power Betfair ...
The FTSE 100 closed up 46 at 7,250 on the day with Intertek the biggest gainer
In an update in March, Sainsbury’s move to diverse from grocery with the acquisition of high street catalogue retailer Argos looked to be paying off as its total like-for-like sales grew by 0.3%
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Charlotte Hogg resigns; gin and choccie biccies joint the list of household essentials; French Connection's post-Brexit blues; Ocado-do-do (push pineapple, grind coffee)
The FTSE 250-listed firm saw its gross retail sales rise to £352.4mln in its first-quarter, up from £311.6mln in 2015, with group gross sales up 13.3% to £384.7mln
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investors will be scanning full-year results from Chilean copper producer Antofagasta, due on Tuesday, for progress on the expansion of its Los Pelambres asset
Some of the largest share prices and fallers in London
The FTSE 250-listed firm saw its underlying earnings increase by 3.3% to £ 84.3mln for the year to November 27 2016, up from £81.5mln in 2015.
FTSE 100 shares closed lower on Tuesday in sympathy with declines of up to 160 points on Wall Street’s DJIA as the fallout of US President Donald Trump’s first week in office continued to take its toll
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Among the big names reporting: Britvic, Carpetright, Ocado and SSE
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Big names reporting this week: SSE, TalkTalk, AstraZeneca, Compass, Vedanta
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
The grocery chains are all set to release trading statements covering the Christmas trading period, and Morrisons could be the surprise performer, Exane believes
The delivery group also said the average order size fell year-on-year by 2.9%.
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FTSE 100 shares closed higher on Thursday, buoyed by news that the euro zone will curb its quantitative easing programme next April
The announcement did not do much for the share price of Morrisons but opened a trap-door underneath Ocado
FTSE 100 stocks dropped on Wednesday, dragged lower by housebuilders and building materials firms, as investors absorbed a poor trading statement from Barratt Developments. But RBS may have more bad news in the morning
While there are still some ‘buyers’ out there, the majority (eight out of 12 analysts polled by the Broker Forecasts site) have either ‘sell’ or ‘neutral’ recommendations on the online shopping specialist.
African diamond miner's spending rises and smaller stone production reduce its appeal, says broker
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UK stocks ended flat on Wednesday as jitters ahead of the Federal reserve’s rate decision set in
The US banking giant cut its price target for the online retailer by more than 35%
Exane BNP Paribas downgrades online grocer after it warned of margin pressure from rivals
Premier African rose sharply after the company told investors it has started work on a 20-hole diamond drill project at its Zulu lithium project in Zimbabwe
The FTSE 100, London’s blue-chip ticker, closed firm on Wednesday, buoyed by solid jobs data in the wake of Britain’s decision to leave the European Union and a surge by miners on rising commodity prices
Sportech is selling off The Football Pools to a group of gambling industry investors for nearly £100mln
Online grocer hails higher sales but makes no mention of technology deals
London stocks end lower on Tuesday, pushed south by falling oil prices and a weaker sterling.
Online grocery distributor to update the market on Tuesday
Supermarket WM Morrison Supermarkets PLC could announce as soon as Tuesday morning that it has reached a deal to take capacity at an Ocado warehouse in Erith, Kent, according to media reports on Monday
London stocks succumbed to selling pressure and ended Thursday lower, after investors were spooked by the Bank of England’s decision not to cut interest rates
The FTSE 100 Index fell back to stand 9.8 points ahead at 6680.23 but Ocado chatter provided interest
London’s FTSE 100 index rose on Tuesday and ended above 6,000 points as some calm returned to the bourse after three days of frantic trading in the wake of Britain’s shock referendum decision to quit the European Union
The FTSE 100 Index lifted 160 points to 6142 while BBA Aviation flew higher
Major share price risers and fallers in London at 12.30pm
Yesterday, FTSE closed beneath the 6,000 level but is now up 115, or 2% at 6,097.
Online grocery distributor boosted first-half pre-tax profits to £8.5mln from £7.2mln a year ago
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Numis says it is retaining a positive stance on Ocado ahead of Tuesday’s interim results.
The merger between Aveva Group and Schneider could be back on
Amazon has plans to roll out its Fresh service throughout the UK
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West African-focused miner Stellar Diamonds raised £600,000 before expenses through an equity issue
Supermarket group made a pre-tax profit of £217mln against a loss of £792mln a year ago
Amec said in November that it expected second half margins to be below those in the first half
Major share price risers and fallers in London at 4.30pm
The blue-chip benchmark ended February a solitary point higher than Friday’s closing price.
The FTSE 100 Index dropped due to China’s slowdown, Brexit fears and commodity uncertainty
British supermarket group to supply Amazon with fresh, frozen and ambient products
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FTSE100 closed 50 points down as traders were put off equities....
Investors will be looking for the oil giant to reduce capital expenditure to protect the dividend.
Big oil and big pharma will wrestle for the limelight. On the economic front, the big events are the Bank of England's interest rate decision and US non-farm payrolls.
Major share price rises and fallers in London at 4.15pm
The Footsie hit levels last seen in November 2012 during the session
The Footsie slumped 185.4 points to 5691 as the price of a barrel of Brent crude fell 3.3%
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The FTSE 100 Index ended the session 97 points higher at 5,876..
The FTSE 100 Index rose 130.42 points to 5910 but the pound fell
Ocado could be going up the Amazon, according to reports.
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Markets hoped for Chinese stimulus after disappointing GDP figures
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Hollywood and Sky in showdown with Brussels over TV licensing deals; Tata confirms 1,050 more jobs to go; BT hires 1,000 UK staff after complaints over Indian call centres
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FTSE100, the UK's premier share index, closed out the year around 25 points lower in a curtailed trading day...
FTSE100, as tipped by spreadbetters, fell in early deals on a truncated trading day....
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The FTSE100 ended the day 40 points, or 0.6% lower at 6,274.
At 10.30, the FTSE 100 index was up 22 points at 6,277.
Achieving sales growth in the ultra-competitive groceries market is not to be sneezed at, but the top line rose less than expected
There's a veritable flurry of corporate releases on Thursday......
The Bank of England's Monetary Policy Committee is expected to leave its base rate unchanged; the question is, how many committee members will vote for change?
The City expects Morrisons to provide an update on its turnaround plan
At its peak, it gave the company a larger market capitalisation than retailer Debenhams and brought it close to rival Dixon’s...
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The US open did little to turn the index's fortunes around, with the most important Fed statement for years only a few hours away,
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Below are the main new-driven share price movements at 4pm.
“With that being impossible, they have opted for the second choice, namely running around in circles," Chris Beauchamp at IG said.
