Ocado Group PLC

Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services. The International Solutions segment deals with international partners for the provision of Ocado Smart Platform. The company was founded by Jonathan Faiman, Jason Gissing, and Timothy Steiner in April 2000 and is headquartered in Hatfield, the United Kingdom.

Ocado Group shares rebounded on Tuesday as the company reported a narrowing of its losses in the first half of 2024, after a downgrade by analysts saw the grocery delivery firm's stock price plummet earlier in the week.

Ocado shares rally as British online grocer narrows losses

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Boosted by booze and snacking for the Euros football viewers, UK supermarket sales picked up in the past month, while grocery inflation fell to its lowest since September 2021.  Supermarket price inflation dropped to 1.8% for the 12-week period ending 7 July, new data from Kantar showed today, with prices falling fastest in toilet tissues, butter and dog food.

Tesco and Ocado impress as Euros boost supermarket sales, inflation falls further

Ocado Group PLC (LSE:OCDO) reported smaller losses for the first half of the year and raised its earnings and cashflow guidance for the full year. The online grocery group posted interim numbers showing revenue of £1.5 billion for the 26 weeks to 2 June, up 12.6%.

Ocado cuts losses, ups cashflow guidance as online grocery shift 'has resumed'

Britain's Ocado lifted its annual guidance on Tuesday, citing an improvement in the profitability of its warehouse technology business, reassuring investors and sending its shares up by 18%.

Ocado upgrades technology arm, sending shares soaring

Ocado Group PLC (LSE:OCDO) shares fell 11% after a long-time supportive analyst seemed to give up on the stock.  Bernstein analyst William Woods, who has been bullish on the online grocery company since for at least two years, slashed his share price target to 250p from 1,000p, leading to his recommendation being downgraded to ‘underperform' from ‘outperform'.

Ocado crumbles as 'last bull standing' analyst gives up

Ocado Group PLC (LSE:OCDO) has been on the back foot for much of the past twelve months but Deutsche Bank sees next week's interims (Tuesday, July 16) as potentially offering some respite. “We expect Ocado Retail to report continued positive strong revenue growth, building on the momentum it has seen since the back half of last year,” said analyst Tintin Stormont.

Ocado needs good news in next week's update

Ocado Group PLC (LSE:OCDO) and AEON have announced plans to build a third customer fulfilment centre (CFC) in Kuki-Miyashiro, Saitama, Japan. This operation is expected to open in 2027.

Ocado starts building third fulfilment centre for Japanese client

British online supermarket and technology group Ocado said on Monday it had boosted its partnership with Japan's Aeon with plans to build a third robotic warehouse.

Ocado builds on Aeon partnership with plans for third robotic warehouse

After its recent relegation from the FTSE 100 to the 250, Ocado Group PLC (LSE:OCDO) has started the day as the index's biggest faller after it dropped more than 4%. It comes after Morgan Stanley (NYSE:MS) downgraded the retail stock, cutting its price target from 345p to 215p, which now represents around a 30% discount to its current market value.

Ocado shares tumble as Sobeys failure leads to broker downgrade

Ocado Group PLC (LSE:OCDO) had its share price target left unchanged by Deutsche Bank, even though the share price took a beating yesterday after a new delay to its tech-based warehouse rollout in Canada. Empire Company announced yesterday a pause to the planned go-live of retail arm Sobey's CFC4 in Vancouver (originally planned for 2025).

Ocado target unchanged by leading bank despite more Canada issues

Ocado (LON: OCDO) share price has been in a freefall after peaking at 2,910p in 2021. It has plunged to a low of 320p, as I have predicted several times.

Ocado share price has collapsed and has a 40% downside

Ocado Group PLC (LSE:OCDO) shares plunged 15% after the online grocery technology group revealed some fresh challenges in Canada, where the planned opening of a new robotic warehouse was paused.  Canadian supermarket chain Sobeys has decided to hold fire on the opening of what would have been its fourth Ocado-powered warehouse and also to make the partnership no longer exclusive.

Ocado plunges as second overseas customer pauses robotic warehouse openings

Ocado the online grocer and technology group, said on Thursday its Canadian supermarket partner Sobeys had paused the opening of a fourth robotic warehouse planned for 2025, a setback for the British firm which sent its shares sharply lower.

Ocado's Canadian partner Sobeys pauses opening of Vancouver warehouse

Ocado Retail revealed it has won a deal with Getir, the delivery service group, allowing it to get in contact with its former clients after it decided to exit the UK last month. Customers who had previously used Getir received emails from the online supermarket group urging them to try out Zoom by Ocado, the fast-paced delivery service, reports revealed.

Ocado Retail snaps up Getir customers following UK exit

Marks and Spencer Group PLC (LSE:MKS) is adamant it does not need to make a final payment to Ocado Group PLC (LSE:OCDO) for its share in the two's joint venture into online groceries. Stuart Machin, M&S's CEO, defended his company's stance following the release of the group's annual results.

Marks & Spencer defends refusal of Ocado payment

Marks & Spencer reiterated its position on Wednesday that it does not have to make a final payment to Ocado Group for its share of the Ocado Retail online supermarket joint venture.

M&S doubles down on refusal of final payment for Ocado Retail

Grocery price inflation has fallen to the lowest in over two and a half years, but shoppers' behaviour has not noticeably been affected yet, new research from Kantar suggests. Supermarket inflation dropped for the fifteenth month in a row to 2.4% for the four weeks to 12 May, the lowest level since October 2021, the report out this morning.

Grocery inflation falls to 31 month low, Ocado still growing fastest

Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK.

Is Ocado banking on the US to solve its identity crisis?

Ocado Group PLC (LSE:OCDO) has upped the ante on its B2B technology ambitions with the appointment of ex-Salesforce president and ex-BT boss Gavin Patterson to the board. Patterson was BT's chief executive between 2013 and 2019 before being replaced by Philip Jansen after the telecoms group's shareholders called for a change in leadership.

Ocado ups the technology ante with tech-centric board addition

Ocado (LON: OCDO) share price has imploded in the past few years as concerns about its revenue and profitability growth continue. It has crashed to 360p, down from its all-time high of 2,910p in 2020.

As the Ocado share price slips, the FTSE 100 index exit next

News that Ocado Retail was the UK's fastest-growing grocery retailer over the three months to April 20 continued to benefit shares in joint owner Ocado Group PLC (LSE:OCDO) on Friday. Come the afternoon, shares in the company, which owns online grocery business Ocado alongside M&S, were up 2.4%.

Ocado gains as analysts point to better sales growth than online rivals

Aldi saw its market share slide in the last quarter, while Lidl, M&S and Ocado snapped up its losses, industry data revealed. In the three months to April 20, 2024, Aldi saw its portion of the industry slip backwards from 10.8% in 2023 to 10.4%, NIQ data showed.

Aldi loses market share to Lidl, M&S and Ocado

Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

Ocado Group PLC (LSE:OCDO) boss Tim Steiner could receive a bonus of up to £15 million after his pay package was approved by shareholders despite having faced intense scrutiny from critics. Steiner received the majority vote required to approve his pay for the year at Ocado's annual general meeting on Monday, however, a fifth of shareholders opposed the retail boss.

Ocado boss sees pay approved despite strong opposition

Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($18.82 million).

News for Ocado Group PLC Stock (OCDDY)