'Hmm' says analyst as Ocado says funding will get it through to profits
“This is a placing that reflects material cash burn and concerns about liquidity,” said Clive Black at Shore Capital
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.
509 stories · page 9 of 26
Ocado investors sell stock as online grocer raises quick-fire £578mln
Some significant members of the shareholder register banked around £220mln
Ocado Retail warns on profits as customers order fewer items
The joint venture between Ocado and Marks & Spencer saw sales fall 8% in the second quarter
Ocado, Deliveroo feel the heat on prices
Former stay-at-home beneficiaries Deliveroo and Ocado joined a chorus of companies facing inflation pressure
Ocado Retail sees inflation, Ukraine weighing on online grocery outlook
The online grocer warned that the cost of living crisis, soaring energy costs and the Ukraine crisis may impact its revenue outlook for this year
The mystery (or not) of Ocado and its tanking shares
Shares in the company have been on a decline since the highs of last February, where they were trading at 2808p
Ocado bags contract for grocery and non-food retailer in Poland
The deal will see Ocado employ its latest generation robots as well as other new developments announced earlier this year
Ocado wins latest 'robot wars' round in court, but AutoStore plans US appeal
A UK High Court hearing of AutoStore’s patent infringement claim against Ocado begins next Tuesday
How did Ocado go from a grocery delivery service to a tech company?
Ocado aimed for a gap in the market whilst at the same time seeking to cut the cost of its own service
Another Ocado fundraiser likely says broker
The company has signed a joint venture agreement with Groupe Casino
Ocado and Casino extend partnership in France
"The online grocery channel in France has reached an inflection point, with a huge rise in demand for compelling, affordable and efficient grocery ecommerce propositions,” said Ocado CEO Tim Steiner
FTSE 100 ends lower as inflation data weighs
London's blue chips finish flat as US stocks slide midday
Ocado at forefront of vertical farming revolution, broker says
Vertical farming is forecast to grow by 20% per year through to 2030, with Credit Suisse pinpointing Ocado as the most engaged company
Ocado tumbles to pandemic low as analysts bemoan 'horrendous' guidance
Revenue growth of 7.2% to £2.5bn, of which most is from its UK joint venture with M&S, is “hardly the stuff of a fast-growing ‘tech co’,” scoffed one analyst
Ocado revenues rise but losses widen and labour shortage hits deliveries
Underlying earnings last year fell due to investment in the company's automated warehouses, while statutory losses widened 238%
Builders and building materials
Plenty to Tues from: BP cash bonanza, Ocado robot wars, SSE activist threat, and TUI's dilution risk
Also reporting on Tuesday are Bellway, Micro Focus International, Alumasc, Filtronic and Mattioli Woods
Archive
BP, Ocado, GSK, Astra and Unilever make for jam-packed week ahead
There's also Tui, SSE, Dunelm, PZ Cussons, Tate & Lyle, Bellway and Redrow, plus the US earnings season hasn't finished either
Ocado shares double-upgraded as new robots seen driving more fruitful partnerships
The online grocer's newly launched 'Re:Imagined' tech strategy is expected to expand its total addressable market
Ocado Retail and Tesco gain market share as (most) grocery shopping habits normalise
The cost of living squeeze was in evidence too, with supermarket price inflation of 3.8% for the latest four-week period
Ocado says new bots can slash labour costs by 40%
The delivery group outlines robotic future as it unveils new innovations