|Bid||364.40 x 0|
|Ask||382.00 x 0|
|Day's range||359.60 - 371.50|
|52-week range||342.00 - 989.60|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||N/A|
|Earnings date||18 Jul 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||790.55|
At some point Ocado shares may fly and make some lucky investors rich. They'd have to be brave to buy them today, though. The post If I’d invested £5k in Ocado shares just one week ago here’s what I’d have today appeared first on The Motley Fool UK.
Ocado shares have had a wretched few years, plunging by 62% in 12 months and collapsing by 84% over three years. But surely they must have some value? The post At under 345p, are Ocado shares London’s biggest bargain? appeared first on The Motley Fool UK.
Developer hit by higher interest rates and 2022’s mini-budget but online retailer buoyed by stronger sales at M&S
A look at the stocks making headlines on Tuesday.
Our writer asks whether it's time to shun Ocado, the trendy online grocery retailer, and buy less glamorous Tesco shares instead. The post Forget Ocado, buy Tesco shares instead? appeared first on The Motley Fool UK.
Once valued at almost £30, the Ocado share price has since crashed below £5. Surely there must be some value to this well-known business? The post How low can the Ocado share price go? appeared first on The Motley Fool UK.
The group handed chief executive officer Tim Steiner a pay packet of around £2 million for 2022 despite Ocado’s losses ballooning.
Ocado shares are the worst performers in the FTSE 100 over the last year. Is this unpopular stock now a contrarian buy for my portfolio? The post Should I buy Ocado shares at £5? Here’s what the charts say appeared first on The Motley Fool UK.
The supermarket saw underlying profit before tax of £690m.
The online grocer will close the site in Hatfield, Hertfordshire, which accounts for about a fifth of its customer orders each week, later this year.
Ocado is set to shut one of its biggest customer fulfilment centres, putting as many as 2,300 jobs at risk as the online grocery retailer ditches older warehouses in favour of more efficient sites in its search for a path back to profitability. The firm said its Hatfield centre, which was its oldest facility, would be closed down in anticipation of the opening of a planned new site in Luton. Ocado said it had begun a consultation with staff and hoped to redeploy “as many as possible” to other sites.
Thousands of jobs are at risk after Ocado announced plans to close its oldest distribution centre. The online grocer says it will close its site in Hatfield, Hertfordshire, later this year. The warehouse handles around a fifth of its customer orders each week and these will instead be shifted to a new state-of-the-art automated warehouse in Luton, which is due to open this year.
Online retailer to open new site in Luton but sales have fallen back after Covid lockdowns
Jobs at risk as Ocado plans to shut Hatfield site.
LONDON (Reuters) -British online supermarket and technology business Ocado Group said on Tuesday it planned to close its oldest automated warehouse, putting about 2,300 jobs at risk. The warehouse, or Customer Fulfilment Centre (CFC) as Ocado calls it, opened in 2002 but has been superseded by the advanced robotic technology of the group's newer sites. Ocado has started a consultation process with affected workers, hoping to redeploy as many as possible to its other sites, primarily to a soon-to-be-opened warehouse in Luton, about 14 miles from Hatfield.
Sometimes, avoiding a stock market stinker is just as good as finding a star. Our writer is feeling smug about two of the former he avoided buying. The post These UK shares are hated and I can see why! appeared first on The Motley Fool UK.
Rate of 10.1% in March is higher than expected.
UK shoppers are paying more at the supermarket as the cost of cheddar cheese, white bread and porridge oats soars.
Multiple insiders secured a larger position in Ocado Group plc ( LON:OCDO ) shares over the last 12 months. This is...
“Autostore should have known that their claim was misguided from the very beginning, as their patents were never valid,” an Ocado spokesperson said
Apple Pay Later allows consumers to apply for Apple Pay Later loans of $50 to $1,000.
U.S. supermarket group Kroger Co is committed to building more automated warehouses in partnership with British online grocer and technology group Ocado, despite slowing a roll-out of sites, Ocado CEO Tim Steiner said on Tuesday. Ocado struck a deal with Kroger in 2018 to help the U.S firm ratchet up its delivery business with the construction of robotically operated warehouses. The initial deal saw Kroger identify 20 sites to build automated warehouses, or customer fulfilment centres (CFCs) as Ocado calls them, in the United States.
Average orders per week at Ocado.com rose by 3.6% to 381,000 in the first quarter of the year.
LONDON (Reuters) -British online supermarket Ocado Retail kept its financial guidance for the full year as it reported a 3.4% rise in first- quarter revenue, driven by more customers using its services. The business, a 50/50 joint venture between Ocado Group and Marks & Spencer, fell to a loss in 2021-22 as even its typically more affluent shoppers felt the squeeze from higher inflation and bought fewer items when they visited its site. "While the trading environment remains challenging, we expect to build momentum through the second half of the year, as we improve our proposition (and) grow our customer base," said CEO Hannah Gibson.
By Geoffrey Smith