OCDO.L - Ocado Group plc

LSE - LSE Delayed price. Currency in GBp
1,097.50
+10.50 (+0.97%)
As of 3:00PM BST. Market open.
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Previous close1,087.00
Open1,091.00
Bid1,097.00 x 109800
Ask1,098.00 x 263500
Day's range1,073.00 - 1,099.00
52-week range730.60 - 1,440.50
Volume1,505,095
Avg. volume2,746,083
Market cap7.66B
Beta (3Y monthly)1.36
PE ratio (TTM)N/A
EPS (TTM)-6.90
Earnings date9 Jul 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est985.69
  • Reuters - UK Focus3 hours ago

    FOCUS-From T-shirts to ice cream, Kroger pushes house brands in grocery wars

    BERLIN/CHICAGO, June 20 (Reuters) - Multicolored, sparkly ice cream is an unlikely battleground in U.S. grocery stores. By churning out trendy new house-brand items, Kroger hopes to tap into broad sales growth for private labels. The push comes as grocers compete fiercely on price and race to expand online ordering and delivery, an area where the biggest U.S. grocery chain has lagged.

  • Reuters - UK Focus15 hours ago

    Online and discounters to drive 12.5% growth in UK grocery by 2024

    Britain's food and grocery industry is forecast to grow by 12.5% to 217.7 billion pounds ($272.8 billion) by 2024, driven by the online and discounter channels, researcher IGD said on Thursday. It said online will be the fastest growing channel, with growth in value of 43.8% to 16.7 billion pounds in the next five years, just ahead of discounters, which are forecast to grow 40.2% to 34.3 billion pounds. IGD said online's market share will increase to 7.7%, while discounters' will rise to 15.8%.

  • Next buys Ocado beauty business in £8m deal
    Sky News22 hours ago

    Next buys Ocado beauty business in £8m deal

    Ocado has sold off a beauty business to high street retailer Next following the grocery delivery company's joint venture with Marks & Spencer. Beauty store and website Fabled by Marie Claire has been acquired by Next in a deal that will be worth about £8m to Ocado. The high street retailer paid a small upfront fee and will pay at least £3m as part of an earnout agreement, giving Ocado a cut of sales for the four years to 2024.

  • Next buys Fabled by Marie Claire from Ocado
    Reutersyesterday

    Next buys Fabled by Marie Claire from Ocado

    Fabled by Marie Claire, founded in 2016, trades online through Fabled.com and through a dedicated premium beauty retail store in London, operated by Marie Claire Beauty Ltd. Next has bought Marie Claire Beauty with an agreement of an earn-out based on sales in each of the four years ending January 2021 to January 2024, with a minimum guaranteed payment of £3 million, Ocado said. "The recent JV with M&S has meant that the centre of gravity at Ocado Group has shifted.

  • Reuters - UK Focusyesterday

    UPDATE 2-Miners, strong sterling drag down FTSE 100

    Britain's main index slipped on Wednesday, weighed down by miners after Rio Tinto cut its forecast for shipments from an Australian region, while sterling's gains ahead of Bank of England meeting dragged down exporters. The FTSE 100 index dipped 0.5%, its worst fall this month, while the FTSE 250 midcap index was down 0.3%.

  • 2 blue-chip stocks I plan on doubling my money with
    Fool.co.uk6 days ago

    2 blue-chip stocks I plan on doubling my money with

    These stocks are recognised as blue-chip for a reason and here’s why I think they're worth the extra cash.

  • Poor demand for M&S shares in £600m fundraising call
    Sky News7 days ago

    Poor demand for M&S shares in £600m fundraising call

    M&S has revealed it only received 85% of take-up from shareholders for its £600m fundraising call to bankroll its deal with Ocado. It means underwriters Morgan Stanley, HSBC and BNP Paribas are having to raise about £90m by attempting to sell the unsold new shares or acquire the stock themselves. It is the first time the FTSE 100 stalwart has taken part in such a fundraising effort and the 85% take-up is below the average 91% achieved by comparable rights issues over the past 12 months.

  • Amazon's Assault on Britain Has Gone Up a Notch
    Bloomberg7 days ago

    Amazon's Assault on Britain Has Gone Up a Notch

    (Bloomberg Opinion) -- The changing nature of food retailing was laid bare on Thursday with lower-than-expected U.K. sales growth at Tesco Plc and Amazon.com Inc. expanding its partnership with the smaller British chain Wm Morrison Supermarkets Plc.Amazon’s agreement with Morrisons, while still fairly small right now, shows the ambitions of the online giant toward the U.K., already one of the world’s most competitive retail sectors. That will strike fear into the hearts of supermarket behemoths such as Tesco, Britain’s grocery leader. Tesco has been trying to bolster its defenses, and a slowdown in growth in the three months to May 25 shouldn’t be too surprising. All retailers face extremely difficult comparisons with the same period last year, when Britain was basking in sunny weather and enjoying a royal wedding. The company’s CEO, Dave Lewis, remains on course to hit his target for an operating margin of 3.5% to 4% by February next year.Still, the first-quarter slowdown doesn’t exactly inspire confidence about what happens once that margin target is reached. The company updates the City next week on how it can find ways to bolster sales and profit. It’s staying tight-lipped for now, but making more of its use of customer data — including through its Clubcard loyalty scheme — might be on the agenda. Lewis has talked before about developing the property around its stores. That could become a bigger part of cash flow, too.Tesco could also work more closely with Booker Group Ltd., a recently acquired food wholesaler. It’s experimenting already with putting cash-and-carry outlets in Tesco stores and introducing dedicated bulk-buy areas, with one eye on becoming Britain’s answer to America’s Costco Wholesale Corp. Wisely, it has also set up a purchasing alliance with Carrefour SA, the French supermarket chain.But as the quarter showed, life isn’t getting any easier for Tesco. Aldi and Lidl, the cutthroat German discount grocers, are still powering ahead in Britain, putting enormous pressure on the traditional giants.That makes Amazon’s advances all the more fraught. Morrisons, the U.K.’s fourth-biggest supermarket group, said on Thursday that it was expanding its super-fast grocery delivery service for Amazon customers. Nine regions in England and Scotland will now offer this, up from four. The aim is for nationwide coverage.The rapid roll-out of the Amazon partnership has been facilitated by another smart move by Morrisons chief executive David Potts, who started his supermarket career on the shop floor. He has negotiated an end to his company’s exclusive relationship with Ocado Group Plc, the specialist online grocer. That has opened the door to closer ties with Amazon.Beset by price-slashing German rivals on one side and savvy online operators on the other, Tesco and its ilk are going to have to work hard to keep food in their investors’ mouths.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Tesco Suffers From Weak U.K. Market
    Bloomberg7 days ago

    Tesco Suffers From Weak U.K. Market

    The U.S. online giant is expanding its alliance with Wm Morrison Supermarkets Plc to offer groceries in more cities across the U.K. The move puts more pressure on rival grocers, including market leader Tesco, to ramp up their own online operations in one of the world’s foremost e-commerce battlegrounds. Amazon and Morrison plan to introduce Prime Now same-day delivery service to cities including Glasgow and Liverpool this year, Morrison said.

  • Ocado sows $22 million 'vertical farming' seed to diversify
    Reuters10 days ago

    Ocado sows $22 million 'vertical farming' seed to diversify

    Britain's Ocado is ploughing 17 million pounds ($22 million) into the emerging "vertical farming" industry, further diversifying the online grocer and technology group's business. Vertical farming involves producing food indoors, with crops grown on a series of stacked levels in a controlled environment. "We foresee a day where customers’ vegetables are harvested hours before they are packed, metres from where they are shipped," Ocado said in a statement on Monday.

  • Reuters - UK Focus10 days ago

    UPDATE 2-Trade relief spurs UK stocks, buyout talks lead Thomas Cook higher

    London's main index jumped to a more than one-month high on Monday as a U.S.-Mexico deal to avert proposed tariffs lifted global markets, while tour operator Thomas Cook surged on a potential sale of its main business to its top shareholder. The FTSE 100 gained 0.6% as investors cheered the agreement between the United States and its southern neighbour. Gains were spread largely across the board on the blue-chip bourse, with heavyweight financial stocks, miners and oil shares all boosting the FTSE 100.

  • Reuters - UK Focus10 days ago

    UPDATE 1-Ocado sows $22 mln 'vertical farming' seed to diversify

    Britain's Ocado is ploughing 17 million pounds ($22 million) into the emerging "vertical farming" industry, further diversifying the online grocer and technology group's business. Vertical farming involves producing food indoors, with crops grown on a series of stacked levels in a controlled environment. "We foresee a day where customers’ vegetables are harvested hours before they are packed, metres from where they are shipped," Ocado said in a statement on Monday.

  • Ocado Invests in Indoor Farming in Step Beyond Grocery Tech
    Bloomberg10 days ago

    Ocado Invests in Indoor Farming in Step Beyond Grocery Tech

    The company said Monday it bought a 58% stake in Jones Foods Co., Europe’s largest operating vertical farm, based in Scunthorpe, England. Ocado will use its know-how in automation and distribution to make the herb grower more efficient and potentially integrate it with Ocado Zoom to deliver fresh products to customers within an hour. “Vertical farming has always been on our wish-list for a lot of strategic reasons, but we were really busy doing other core things,” Stewart McGuire, Ocado Group’s head of corporate development, said in an interview.

  • Ocado sows £17 million 'vertical farming' seed to diversify
    Reuters10 days ago

    Ocado sows £17 million 'vertical farming' seed to diversify

    Britain's Ocado is ploughing 17 million pounds into the emerging "vertical farming" industry, further diversifying the online grocer and technology group's business. Vertical farming involves producing food indoors, with crops grown on a series of stacked levels in a controlled environment. "We foresee a day where customers’ vegetables are harvested hours before they are packed, metres from where they are shipped," Ocado said in a statement on Monday.

  • Reuters - UK Focus16 days ago

    LIVE MARKETS-Closing snapshot: Stirrings of the "Powell Put"

    * European shares extend bounce, up 0.6% * Italian banks lead rebound, autos rally * Wall Street gains on rate cut hopes * Hargreaves Lansdown hit by Woodford woes * Bang & Olufsen slumps after warning June 4 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: STIRRINGS OF THE "POWELL PUT" (1609 GMT) It's been the best day in two months for the car sector and the trade-sensitive DAX has had its biggest bounce in three weeks, as the market sheds some of the built-up tension around global trade in a day traders say has a "rotational" feel.

  • Reuters - UK Focus16 days ago

    LIVE MARKETS-TLTRO? "Could be an extraordinary boost"

    * European shares reverse course, up 0.4% * Italian banks lead rebound, autos rally * Wall Street gains on rate cut hopes * Hargreaves Lansdown hit by Woodford woes * Bang & Olufsen slumps after warning June 4 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. "COULD BE AN EXTRAORDINARY BOOST" (1443 GMT) It seems investors are gearing up for a positive surprise from the ECB on Thursday when the central bank is expected to unveil details of a third round of cheap loans for banks, known as TLTRO. "We expect the ECB will offer banks the same beneficial rate as in the TLTRO2, at 0bp to -40bp, to maintain accommodative financing conditions, which would be a market-friendly outcome," says Jan Wolter, Head of European Banks at Credit Suisse.

  • Reuters - UK Focus16 days ago

    LIVE MARKETS-In a trade war, fear the auto suppliers, not the carmakers

    * European shares reverse course, up 0.6% * Italian banks lead rebound, autos rally * US futures rise on rate cut hopes * Hargreaves Lansdown hit by Woodford woes * Bang & Olufsen slumps after warning June 4 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net IN A TRADE WAR, FEAR THE AUTO SUPPLIERS, NOT THE CARMAKERS (1302 GMT) Autos stocks are set for their best day in two months, up 2.9% today as the market rebounds in a move investors and traders see as largely technical after May's nearly non-stop selling. While car stocks have been indiscriminately clobbered by the escalating trade war, RBC analysts argue investors should sort the wheat from the chaff - saying suppliers of auto parts are more vulnerable to a slump in global production than the carmakers themselves.

  • Reuters - UK Focus16 days ago

    REFILE-LIVE MARKETS-European tech trying to ignore all the FANGst

    Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net EUROPEAN TECH TRYING TO IGNORE THE FANGst (1120 GMT) Reports that the U.S. government is gearing up to investigate whether Amazon, Apple, Facebook, and Google misuse their massive market power sent the so-called "FANG" stocks spiralling down yesterday as nervous investors dumped the highly-hyped and widely-owned sector. The U.S. index of top tech stocks is well under its 200-day moving average, and has fallen an hefty 20% in just a month - since May 6. Europe's tech sector, although down 1.4% and the worst-performer today, is holding up pretty well by comparison.

  • Reuters - UK Focus16 days ago

    LIVE MARKETS-Europe's sell signal not so clear

    * European shares reverse course, up 0.3% * Italian banks lead rebound, autos rally * Asian shares fall on weak data * Hargreaves Lansdown hit by Woodford woes * Bang & Olufsen slumps after warning June 4 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net EUROPE'S SELL SIGNAL NOT SO CLEAR (1030 GMT) When the EuroSTOXX 50 fell under its 200-day moving average on Friday, a sense of unease spread among investors with traders warning that the breach of that threshold had sent a sell signal for stock markets. Here in bullets his thinking behind the move: * Economic momentum could surprise on the upside, with cyclicals pricing in zero GDP growth * Investors have capitulated * Earnings revisions are better than those of global equities * We see room for re-leveraging, with buybacks rising * The ERP remains excessive So why not overweight?

  • Barrons.com20 days ago

    Retailer Marks and Spencer Has a Place in British Hearts. An Online-Grocer Deal Could Bring Shoppers Back.

    The venerable British retailer has tried to update itself a number of times. Now a deal with an innovative online company may finally brings shoppers back.

  • Marks & Spencer Challenges Supermarkets With Big Food Stores
    Bloomberg29 days ago

    Marks & Spencer Challenges Supermarkets With Big Food Stores

    Marks & Spencer Group Plc plans to open more large food stores, shifting away from a strategy of expanding smaller convenience outlets as it prepares for an alliance with online grocer Ocado Group Plc. The prospect of another costly store revamp as profit falls weighed on the U.K. retailer’s shares, which declined as much as 5.4% on Wednesday. Marks & Spencer said a 601 million-pound ($763 million) shareholder rights issue to finance the Ocado deal was fully underwritten.

  • M&S Food Push Gives Investors Some Indigestion
    Bloomberg29 days ago

    M&S Food Push Gives Investors Some Indigestion

    Chairman Archie Norman seems set on turning the food-to-furnishings retailer into a grocer. It’s not surprising that the executive who in the 1990s turned around Asda, now Walmart Inc.’s British operation, wants to focus on food. Britain’s grocery market is brutally competitive and its margins are skinnier than what M&S is used to.

  • Ocado Group plc (LON:OCDO): Time For A Financial Health Check
    Simply Wall St.last month

    Ocado Group plc (LON:OCDO): Time For A Financial Health Check

    Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Ocado Group...

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