Ocado's annual losses grow almost fivefold
The online grocery group said it expects to spend a massive £600mln of capital expenditure in the current year
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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FTSE 100 closes in the green, Wall Street at new highs as coronavirus fears subside
The UK index of leading shares closed the day up over 52 points, or 0.71%, at 7,499
What will Ocado deliver in its results?
Tuesday should also see a trading update from Anglo-German holiday operator TUI, plus the release of some UK economic growth data
Ocado sets the pace, with Morrisons stuck in reverse
Sainsbury’s sales shrank 0.6% in the past 12 weeks and Tesco’s were down 0.9%
Ocado and M&S joint venture's sales slow in fourth quarter
Melanie Smith, chief executive of Ocado Retail, said “good progress” has been made getting ready for the September 2020 switchover to sell the M&S food range online for the first time
Archive
FTSE 100 closes ahead as trade deal hopes once again boost sentiment
Footsie closed up around 57 points at 7,237, while FTSE 250 also rose, adding nearly 146 points at 20,793
Berenberg upgrades Ocado to 'buy', says online grocery at "tipping point"
The German bank's analysts also upped their target price for Ocado to 1,635p from 876p
Why does Ocado need more money – and does it matter?
How analysts treat the new convertible bond will be important, analyst Clive Black says, as on a fully diluted basis it “could lead to a major downgrade to ongoing EPS”
Ocado raising £500mln from bond issue as sales soften
The 13 weeks to 1 December are expected to see retail revenue growth of between 10% and 11%, with Ocado Zoom likely to outperform retail revenue
Ocado ups investment after winning deal with Japan's largest retailer
Aeon's first depot is planned to go live in 2023 with the aim of having £1.4bn of sales capacity after two years
Ocado and M&S believe small is beautiful for Bristol delivery depot
“Despite its smaller size, we expect the Bristol mini-CFC to achieve productivity close to that in our standard facilities,” Ocado said
Ocado's 'stretched' valuation assumes too much for JPMorgan
Analysts continue to call the retail technology company's outlook "too optimistic", after it reached an all-time high of 1,407p per share in April
Ocado sees strong start to joint venture with M&S
Revenues were up 11.4% in the 13 weeks to 1 September, however, the firm issued no new info on the business besides its JV with the high street chain
Warehouse fires may scorch Ocado in update on Tuesday
Two fires so far this, at the grocer's warehouses in Andover and Erith, are likely to have dented sales
M&S's strategy director, Melanie Smith, appointed CEO of JV with Ocado
Unless Waitrose plays ball, Ocado will not be able to start supplying M&S food until September of next year
UK grocery sales fall for first time in three years as alcohol and ice cream sales plunge
Last year’s heatwave meant us Brits forked out more on things such as beers, cider and ice cream, but with the weather much duller this summer, grocery sales have dropped
Recent profit warnings put a £200mln dent in ASOS founder’s net worth
Nick Robertson’s stake in the online fashion retailer has plunged after two recent profit warnings, and he’s not the only retail mogul to have suffered in recent years
Investments and investor services
FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
Ocado investors hang high hopes on tech transformation
Ocado has signed multiple overseas partners in recent years but the market wants to know how much money it can make from these deals, according to AJ Bell's Russ Mould.
Ocado earnings hit by Andover fire costs but shares jump on deal optimism
Ocado’s shares have risen strongly this year after clinching deals with M&S and Coles.