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Are supermarkets and housebuilders sales still going bananas?
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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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Ocado knocked to underweight as Barclays questions size of market opportunity
The bank also said they believed the company's £16bn market cap was “excessively generous”
Ocado target price hiked as Peel Hunt estimates firm could take 25% share of online grocery market
The broker highlighted that the coronavirus pandemic had caused a sharp rise in online as a percentage of the overall grocery market, notably in the UK, US and China
Morrisons and Ocado enjoy gains but grocers coronavirus boost eases slightly
Promotional activity also picked up in the latest four weeks, with 29% of sales including some type of discount
Ocado delivers curate's egg as tasty side for M&S
“For a well-established company, the lack of signs for immediate profitability, no prospect of a dividend and a recent £1bn fundraising could be viewed as potential red flags,” said one analyst
Ocado sees losses persist despite growing retail revenue
"As a result of COVID-19 we have seen years of growth in the online grocery market condensed into a matter of months; and we won't be going back," said CEO Tim Steiner
Ocado interims to put some flesh on the bones after lockdown surge
News about fellow FTSE 100 group Halma's dividend will be top of the agenda with its results on Tuesday
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FTSE 100 closes firmly ahead as traders shrug off any nerves about US earnings
Britain's index of leading shares closed up over 80 points, or 1.33%, at 6,176 on Monday
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Ocado, GVC, Burberry and ASOS to fill corporate calendar in coming week, UK employment data eyed
The week will also see results from harzard detection specialist Halma as well as UK GDP data and inflation readings
Ocado quids in as lockdown switches food buying online
Convenience stores also racked up big sales rises with the Co-op up 34%
Ocado raises £1bn to continue investment in online grocery partnerships
One analyst said his initial reaction “was that it was a real cheek for Ocado to ask investors to stump up more cash, as the company still has a ton of cash in the bank”
Ocado and Tesco the winners as grocery price inflation boosts supermarket sales
Grocery inflation jumped to 3.1% for the past 12 weeks, with prices rising fastest in products such as bacon, sausages and cooked meats
Ocado's value given a boost as analysts crunch numbers of online grocery surge
"The surge in online grocery demand globally will result in Ocado’s international partners requiring installed capacity at their CFCs to be accelerated and require faster ramp-up to full capacity"
Ocado drives up capacity and delivers first two overseas warehouses
The online grocery specialist oversaw the full launch of a depot for France’s Groupe Casino in March and a second by Canada’s Sobeys last week
Recovery plays: Ocado, LSE and Reckitt are 'top picks' for post-coronavirus rebound
Analysts at Berenberg have assumed a “severe impact” in March will continue through the second quarter before “early signs of recovery” are seen from the middle of the third quarter onwards
Ocado joint venture shuts down app due to coronavirus panic buying
Registration for new website customers has been stopped in recent days, with a new online queueing system installed and the mobile app switched off to cope with the surge of demand from worried households
Ocado “primed to capitalise”, says Berenberg, other grocers need to keep up
Analysts said online grocery shopping is the future and all players need to step up their offering
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Ocado to update market as coronavirus spikes demand for home deliveries
Retailers Ocado and Next are due to update the market amid the coronavirus uncertainty, as will The Gym Group
Ocado reports “exceptionally high demand” as coronavirus fears mount
Many believe the general public are filling up their pantries in case the outbreak gets worse
Ocado boss bags £54mln payday as share price soars
Marks & Spencer starts a delivery service here in September while Kroger in Canada and Aeon in Japan have also signed up.