Grocery sales in the UK rose 6.5% in the four weeks leading to April 18 as vaccinated elderly shoppers are cleared to return to physical stores. According to market research firm Kantar, this period marked the busiest time for grocers in more than one year, with a 4% month-on-month increase […]
The Ocado share price declined yesterday ahead of key earnings by rivals like Tesco and as the UK economy started its reopening. The OCDO stock ended the day at 2,100p, which was slightly below the Friday’s high of 2,155p. The company is valued at more than £15.74 billion. What happened: […]
The Ocado share price is struggling. The stock ended last week at 2,022, which was slightly above the weekly low of 1,956p. Still, the stock is 30% below the year-to-date high of 2,888p. What happened: Ocado has been one of the biggest winners of the pandemic in the FTSE 100 […]
Ocado share price has resumed the downward move after two recovery sessions, as the UK continues to expand its vaccination campaigns and reopen the economy. Ocado was one of the big gainers during the 2020 lockdowns at the peak of the first phase of the pandemic, due to a switch […]
Ocado share price is under pressure as the global tech sell-off accelerates. The stock has moved to a bear territory since it has dropped by 30% from its highest level this year. The background: Ocado is a fast-growing technology company that offers e-commerce solutions. In the UK, the firm has […]
The Ocado share price slipped today as investors digested the latest rankings by Which, the consumer advocacy group. The shares are trading at 2,445[p, which is slightly above the intraday low of 2,355p. This was the lowest it has been since January 8 this year. What happened: In a report […]
Ocado has started the week on a cautious note, even as it confirms a new commencement date for its new Chief Financial Officer, Stephen Daintith. Daitntith, who was previously at Dow Jones and News International, resumes on March 22. He will be taking over from Duncan Tatton-Brown, who is stepping […]
Ocado’s share price has taken a beating this Wednesday, after the company’s lacklustre earnings report was released to the market. The consumer shopping shift which occurred when the coronavirus pandemic hit allowed the company to pull in record sales of more than £2billion for the first time ever, but this […]
Ocado share price is under intense pressure ahead of the company’s annual reports scheduled for tomorrow morning. The shares are down by more than 1% today and are trading at 2,781, which is below the year-to-date high of 2,900p. What’s happening: Last week, we received important corporate earnings from leading […]
Ocado share price has surged to its highest levels in four months as it opens 1.3% higher this Monday. This surge is coming on the back of a major rebrand of the company’s website, images, and logos. The company says that this has been done to provide an “ownable identity” […]