Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]
Ocado’s ‘M&S’ magic fails to impress as shares trade down despite revenue boost March 28, 2023 Ocado said it had helped by some “M&S magic” as the grocery chain’s joint venture with the high street stalwart boosted sales by 3.6 per cent in its first quarter. Shares in the online grocer were last trading down 1.97 per cent or 8.9p at 443.20p. The up market online grocer, which posted a pre-tax [...]
Milk, meat and fruit worst affected as supermarket groceries DOUBLED in cost over last year, Which? says March 22, 2023 The cost of some everyday groceries has more than doubled over the last year, consumer brand Which? has found. The company analysed inflation on more than 25,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose. Which? looked at the average price of the products in the three [...]
FTSE 100 close: Ocado drags London premier index into red as pound strengthens after Sunak clinches Brexit deal February 28, 2023 London’s FTSE 100 lost ground again today, held lower by middle class favourite and online supermarket Ocado tumbling after it said losses have widened. The capital’s premier index fell 0.74 per cent to 7,876.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly [...]
Week ahead: Bank of England speak to dominate agenda as investors look for clues on interest rate path February 26, 2023 Investors will be parsing over a string of speeches from top Bank of England rate setters this week for clues on whether the central bank is close to ending its aggressive campaign to tame inflation. Ben Broadbent, a deputy governor at the Bank, kicks off a busy week of central banker speech at Threadneedle Street’s [...]
FTSE 100 close: London index shakes off poor week as Ocado shines again January 23, 2023 London’s premier FTSE 100 index kicked off a fresh week in positive style today after registering its first five day loss of 2023 last week. The capital’s top index jumped 0.18 per cent to 7,784.68 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose [...]
FTSE 100 close: Ocado drags London index away from record high January 17, 2023 London’s FTSE 100 edged away from its record high today, driven lower by traders ditching middle-class favourite and online supermarket Ocado after it said income has tanked. The capital’s premier index closed 0.12 per cent lower at 7,851.02 points, while the domestically-focused and mid-cap FTSE 250 index, which is more aligned with the health of [...]
Ocado: Annual revenue dives to £2.2bn but up on pre-pandemic level as retailer sees strong festive trade January 17, 2023 Online grocery retailer Ocado saw its revenue dive to £2.2bn in 2022, down 3.8 per cent from the previous year, but up by 40 per cent on pre-pandemic levels in 2019. The online grocery delivery giant managed to claw back some growth with postive Christmas and New Year trading updates. It’s rivals Tesco and Sainsbury’s [...]
Ocado set to post grocery growth in latest festive update January 15, 2023 Ocado investors will be hoping it becomes the latest retailer to indicate that consumer spending over the key festive quarter was more resilient than many expected. The online retail giant is set to post an increase in grocery sales over the latest period when it updates investors on Tuesday 17 January. The firm’s technology operation [...]
Ocado beats Google, Microsoft and Mastercard to become one of best firms to work for in Britain January 11, 2023 Food delivery tech firm Ocado beat Google, Microsoft and Mastercard to be crowned as one of the best firms to work for in the UK. In fresh data published by Glassdoor today, Bain & Company was rated Britain’s top employer, with the tech sector dominating the list, taking 21 out of 50 spots. There were [...]