Streetbeat News

OCDDY

Ocado Group Plc

http://www.ocadogroup.com/

CEO

Timothy Steiner

Open

6.40

Mkt cap

2.5B

Volume

13K

High

6.41

P/E Ratio

-5.82

52-wk high

12.54

Low

6.12

Div yield

N/A

52-wk low

5.76

Ocado and Tesco gained grocery market share in the UK, with overall sales up 3.2% as prices rose. This suggests modest volume growth.

Portfolio Pulse from

January 08, 2025 | 2:00 pm

Ocado's fulfilment centre issue has left hundreds of customers without essential Christmas shopping items, including chilled and frozen products.

Portfolio Pulse from

December 24, 2024 | 12:30 pm

Morrison Supermarkets has decided to reduce its use of Ocado Group PLC's robot-run warehouses, signaling a trend among grocery chains to scale back on online delivery expansion. Analysts at AJ Bell view this as a concerning sign for Ocado, especially following similar decisions by clients in the US and Canada.

Portfolio Pulse from

November 28, 2024 | 1:00 pm

Ocado Group PLC's partner, Morrisons, will stop using Ocado's Erith distribution center, allowing Ocado to increase capacity. Morrisons will instead focus on Ocado's Dordon site and expand its use of Ocado's AI-powered online network.

Portfolio Pulse from

November 28, 2024 | 8:15 am

Ocado and Tesco have outpaced the grocery market growth as early Christmas shopping boosts sales. Over the four weeks to November 3, their take-home sales increased by 2.3% to £11.6 billion, marking the best sales period of the year.

Portfolio Pulse from

November 12, 2024 | 12:00 pm

The CEO of Ocado declined to comment on rumors of a potential takeover by Amazon. This comes as Ocado's stock hit a five-month high after returning to profit.

Portfolio Pulse from Charles Gross

July 18, 2023 | 9:15 am

Intel plans to restructure its manufacturing business, aiming for the second-largest foundry spot with projected revenue over $20B. Airbus is working to control A220 jet costs amid pricing pressure from suppliers. The European Medicines Agency raises a thyroid cancer safety signal for Novo Nordisk drugs, including semaglutide. Spirit AeroSystems suspends work at its Kansas plant due to a workers' strike. Accenture reports underwhelming Q3 earnings, and Lordstown Motors founder relinquishes his remaining stake.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 1:30 pm

Amazon is reportedly showing interest in UK-based online supermarket Ocado, according to The Times. This has led to speculation about a potential acquisition.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:26 am

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