Ocado Group teases with promise of game-changing technology
Ocado's announcement of a virtual launch of "game-changing technology" on 26 January comes a day after a four-year-old video of a virtual supermarket was trending on Twitter
Company
Ocado Group PLC
LON:OCDO
Ocado was launched in partnership with Waitrose in January 2002, and delivers quality groceries across selected areas of England and Wales. Our business was conceived with one simple objective in mind: to offer busy people a true alternative to going to the supermarket every week. By doing this, we created a totally new shopping experience, built entirely around our customers’ needs. By fulfilling orders from a dedicated warehouse, we can show virtually live inventory on our webshop, enabling customers to choose from a range of groceries that are actually in stock. By using unique logistics software and satellite navigation systems in our vans, we strive to deliver the right goods at the right time.
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Festive grocery sales in 2021 down on previous year but price inflation at four-year high
Ocado sales bounced back in December, while Tesco and Sainsbury's sales declined along with the privately owned members of the Big Four
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Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you direct to the news and analysis
Ocado shares up 9% after winning the latest round of 'robot wars'
The case centres on the technology that drives the retailer's automated fulfilment centres
Ocado Retail says fourth-quarter sales hit by labour shortages; sees record Christmas
The online grocery company forecast mid-teens percentage growth in sales for 2022
Ocado wins first bout of US patent infringement case against rival
AutoStore said this initial determination was judged invalid "based on a narrow legal issue" and that it intends to challenge the decision
FTSE 100 ends lower as US stocks drop after strong PPI data ahead of Fed policy decison due Wednesday
At the close, the UK blue-chip index was down 12.80 points, or 0.2% at 7,218.64, the session low, well below the day's peak of 7,284.47
Ocado and M&S to report on quarterly sales but will be eyeing Plan B and Plan C effects
Other updates on Tuesday include Joules Group, Watches of Switzerland, Chemring and RWS Holdings, as well as unemployment numbers from the ONS
Archive
Ocado and EQTEC among few risers on Covid-battered morning
A look at the major movers on the London market on Friday
Ocado fails to find favour with leading investment bank
Credit Suisse cut its target price to 1,500p a share from 1,550p while maintaining its ‘underperform’ recommendation
UBS revisits its top five long-term investment themes; Ocado shareholders might not be too chuffed
The automation and robotics investment theme gets binned from the top five due to a less attractive valuation relative to other themes.
Ocado invests £10mln in start-up Wayve to accelerate autonomous grocery deliveries
Wayve’s technology will be fitted onto a selection of Ocado delivery vans and tested on urban delivery routes for 12 months
Ocado hit by rising staff costs and fire damage
M&S products now represent 29% of the order basket
Archive
Ocado and M&S in focus as households return to pre-pandemic grocery trends
Other results are expected on Tuesday from Accesso Technology, Chemring, JD Sports, Made.com, MJ Gleeson and Petra Diamonds
Ocado still most credible online grocer but facing growing challenges, says UBS
Competition is rife as more grocers are opting for micro fulfilment centre-based models
Ocado sees first sales dip as shoppers continue return to pre-pandemic habits
Sales were down across the board, with Waitrose being the only grocer seeing a rise
Ocado and supermarket trends, BHP and the mining cycle both in focus on Tuesday
Other results will include half-year numbers from Just Eat Takeaway.com, Plus500 and Polypipe
Ocado share price ‘excessively high’, says Barclays
Analysts at the investment bank said while the overvaluation of the grocery delivery firm was "less pronounced" than previously, its value is still "much more debatable" than other stocks in their coverage
Online grocery sales fall for first time as people return to work
Overall grocery sales fell by 5.1% in the twelve weeks to 11 July 2021
Ocado suffers fire at South London fulfilment centre
No one has been injured and all staff on site are safe