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.

Oxford Nanopore Technologies PLC (LSE:ONT) said it appointed former Ocado Group PLC (LSE:OCDO) chief financial officer Duncan Tatton-Brown as its non-executive chair with effect from 1 August 2022.  Tatton-Brown succeeds Peter Allen, who will retire on 31 July.

Oxford Nanopore names former Ocado CFO Duncan Tatton-Brown as non-executive chair

Ocado Group PLC (LSE:OCDO) has extended its partnership with French retailer Groupe Casino to create new robot-operated online delivery warehouses that can be accessed by "all grocery retailers in France". The two companies are creating a joint venture that will offer logistics services from certain warehouses, or customer fulfillment centers (CFCs) as Ocado calls them, around France.

Ocado slides after going in new direction with France's Casino

Ocado Group PLC (LSE:OCDO) has been downgraded by Credit Suisse after the online grocery specialist signed up fewer customers than expected and significantly downgraded its UK retail outlook. The FTSE 100 group's share price target was slashed to 960p from 1,600p by the Swiss bank's analysts, who cut their rating to ‘neutral' from ‘outperform', adding to some scepticism that already lingers around the company in some analyst circles.

Ocado's robot-operated warehouses not as valuable as previously expected, says Credit Suisse

As Ocado Group PLC (LSE:OCDO) raised another chunk of cash it said it will satisfy its needs for the “medium term”. However, the arrival of another fundraising from the ‘reverse cash machine' that is the FTSE 100 company was met with a little frustration but not surprise by long-time followers who view it as one of the ultimate “jam tomorrow” peddlers.

'Hmm' says analyst as Ocado says funding will get it through to profits

Ocado Group PLC (LSE:OCDO) has completed a quick-fire £575mln fundraiser, issuing shares to new shares to institutional investors for 795p each – more than a third of their value at their peak early last year. The online grocer, which has parlayed this expertise into technology and fulfilment, will use the funds, including an additional £3mln contributed by retail investors, to maintain its expansion plans.

Ocado investors sell stock as online grocer raises quick-fire £578mln

Ocado Group PLC (LSE:OCDO) issues a profit warning as it said the “trading environment has deteriorated” for its UK joint venture with Marks and Spencer Group PLC (LSE:MKS) due to the surging cost of living and a return to lower levels of online grocery shopping from pandemic highs. The Ocado Retail joint venture said underlying profits (EBITDA) were now expected to grow in “low single digits” rather than the 10% previous guidance, following an 8% fall in sales in the second quarter.

Ocado Retail warns on profits as customers order fewer items

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Barclays

At the start of the AGM season we wrote that every vote counts, but Barclays PLC, Rio Tinto PLC, Standard Chartered PLC and Ocado Group PLC over the past 24 hours said they will carry on regardless, despite significant opposition votes on their climate and pay plans. After over 19% of shareholder votes went against its climate plan, Barclays bosses said they will continue investment in oil and gas.

Barclays, Rio Tinto and Ocado carry on regardless in face of shareholder concerns

Boris Johnson has been urged to include new laws supporting the development of driverless vehicles in next month's Queen's Speech or risk seeing investment in the sector flee overseas.

Ocado and Virgin chiefs urge Johnson to put driverless cars in fast lane

Ocado (LON: OCDO) share price sell-off continued on Wednesday as investors reacted to the relatively weak Tesco earnings. The stock dropped to a low of 112p, which is close to its lowest level this year.

Is the Ocado share price too cheap or is it a value trap?

The Ocado (LON: OCDO) share price slumped sharply on Thursday after the company published weak earnings. The stock dropped to a low of 1,100p, which is close to its year-to-date low.

Here's why the Ocado share price has collapsed by 62% from ATH

Consumer demand for digital convenience may be continuing to rise, but eGrocery channels are nonetheless far from a sure bet. Ocado Retail, the joint venture between Hatfield, United Kingdom-based grocery technology firm Ocado Group and London-based retailer Marks & Spencer, has been seeing its performance flag in recent months.

Ocado Retail Sees Sales Downtick as Consumers Return to Pre-COVID Habits

Former stay-at-home beneficiaries Deliveroo PLC (LSE:ROO) and Ocado Group PLC (LSE:OCDO) joined a chorus of companies noting that higher costs from the Ukraine war and energy prices may weigh on their outlooks for the year. Ocado's shares sank 7.5% after the company said its retail joint venture with Marks and Spencer Group PLC (LSE:MKS) will face some challenges as the conflict with Russia pushes up oil prices, adding to the squeeze after the end of lockdowns.

Ocado, Deliveroo feel the heat on prices

Online grocer Ocado Group PLC (LSE:OCDO) warned that the cost of living crisis, soaring energy costs and the Ukraine crisis may impact the revenue outlook for its joint venture with Marks and Spencer Group PLC (LSE:MKS) this year. “These uncertainties over inflation, which have increased significantly in recent weeks due to the war in Ukraine, the overall level of demand and the continued return to pre-Covid shopping patterns, mean that while easier comparatives, strong customer demand, and further growth in capacity, should see revenue growth end the year in the high-teens, the full-year growth rate may be closer to 10%.

Ocado and M&S see inflation, Ukraine weighing on online grocery outlook

Investors in Ocado Group PLC (LSE:OCDO) will eagerly be looking ahead to Thursday's first-quarter trading update, hoping the company has been able to chip away at some of the losses incurred last year. The food delivery turned robotics company announced new, innovative tech over the last 12 months.

Ocado and its tanking shares

Ocado Group PLC (LSE:OCDO) has signed up an overseas supermarket group to provide its most up-to-date robot-powered online grocery delivery services. French multinational Auchan Retail has brought in the FTSE 100 company to build a ‘customer fulfilment centre' to serve the Warsaw region, with opening planned for 2024, followed by further CFCs to be announced.

Ocado bags contract for grocery and non-food retailer in Poland

Ocado Group PLC (LSE:OCDO) is likely to go cap-in-hand to investors for more funds, as the cash-hungry company continues to plough capital into its technology partnerships. The online grocery group today announced an extension of its partnership with Groupe Casino in France, with a new joint venture replacing the previous deal for the FTSE 100 company to supply its robot-powered warehouses and associated software.

Another Ocado fundraiser likely says broker

Ocado Group PLC (LSE:OCDO) chief executive Tim Steiner recently unveiled plans to upgrade robots so that they could slash labour costs by 40% and increase efficiency and productivity. Steiner's presentation was delivered in the way Steve Jobs used to do when revealing the latest iPhone, and the technology was equally impressive.

How did Ocado go from a grocery delivery service to a tech company?

Ocado Group PLC (LSE:OCDO) and Groupe Casino announced a memorandum of understanding (MOU) to extend their partnership in France.  Under the agreement, the companies will set up a joint venture (JV) that will provide logistics services to Ocado Smart Platform (OSP)-powered customer fulfilment centres (CFCs) in France, which will be available to all grocery retailers.

Ocado and Casino extend partnership in France

Casino Group: signing of an MOU with Ocado

Vertical farming is becoming an attractive asset in the push for reliable, sustainable agriculture, with UK-based Ocado Group PLC (LSE:OCDO) one of the few London-listed players in this growth, according to a note by Credit Suisse. The broker found that investment into vertical farming reached more than US$2.3bn in 2021, a 161% increase on 2020, while last month's investment of $US740m outpaced the entire amount spent in 2019.

Ocado at forefront of vertical farming revolution - brokers note

Ocado Group plc (OCDGF) CEO Timothy Steiner on Q4 2021 Results - Earnings Call Transcript

Ocado Group PLC (LSE:OCDO) shares fell to their lowest since before the first UK coronavirus lockdown in 2020 after the online grocery company suggested that profits will be lower and that it will probably have to tap the market for more cash again soon. As well as reporting wider losses in the past year, as expected, the FTSE 100 group also warned of higher operational and tech costs for its International Solutions arm.

Ocado tumbles to pandemic low as analysts bemoan 'horrendous' guidance

Ocado Group PLC (LSE:OCDO) saw growth in revenue and customer numbers last year, although orders and deliveries were impacted by the tight labour market and basket sizes dropped back to pre-pandemic levels. Group underlying profit (EBITDA) for the year to 28 November 2021 fell to £61mln from £73.1mln in 2020, in line with market forecasts and reflecting investment in the company's automated warehouses, with capital expenditure increasing by £154.8mln to £680.4mln, the company said in a statement.

Ocado report sales and customer growth but labour shortage hits deliveries

GlaxoSmithKline

Unilever

London's financial calendar is a packed one next week, with BP, Ocado, GlaxoSmithKline, AstraZeneca, Unilever, British American Tobacco and Barratt among the names reporting. Although the trillion-dollar boys have had their say, don't think the US earnings season has finished either, with with a further 83 companies in the S&P 500 reporting.

BP, Ocado, GSK, Astra and Unilever make for a packed London schedule

Marks and Spencer Group PLC (LSE:MKS) and Ocado Group PLC (LSE:OCDO) languish at the bottom of UK's greenest supermarkets, according to research by consumer rights organisation Which?. Meanwhile, Lidl and Waitrose were joint top of the range for sustainability, following the analysis of hundreds of pieces of supermarket data, with a score of 74%.

News for Ocado Group PLC Stock (OCDDY)