Ocado jumped to a new all-time high after a positive trading statement on Tuesday for the online retailer. The company said revenues had come in at £587.3m to the end of August.
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Ocado has seen a slight recovery in its share price after it saw a massive demand surge following its joint venture with Marks & Spencer. Last week’s tie-up which sees Ocado delivering food ordered online from Marks& Spencer has seen an unprecedented surge in demand that caused the company to […]
Ocado share price is down by more than 1.45%, becoming one of the worst performers in the FTSE 100 index. The company is trading at 2,488p, which is a few points below its all-time high of 2,587. Other worst-performers in the FTSE are BHP, Admiral Group, and Next PLC. Ocado...
Ocado and M&S begin their online grocery shopping joint venture this week in a move that M&S hopes will revitalize the brand. Online shopping has doubled its share of the UK market to 14% since the virus outbreak and Ocado expects that figure to reach 30%. The two companies had […]
The FTSE 100 index is in the red today as investors react to the warning by the Fed about the rising risks of the economy. The index is down by 0.61% and is trading at £6,072. Other indices in Europe are also in the red, with the DAX index, CAC […]
Ocado share price continues its surge into record territory after new industry data revealed that the company experienced an explosion in sales, despite a slowdown in the grocery sales sector of the UK. Growth in the grocery market by 14.4% in the last three months was less than the market […]
Ocado share price is up by 0.15% today, continuing a trend that started on Monday, when the shares were trading at 2021p. The shares are now trading at 2207p, which is the highest level since June this year. So, does the new upward trend make Ocado stock a buy? Ocado...
Ocado share price tumbled by more than 3% as traders digested the company’s first half results. The shares are trading at 1,963p, which is below a major support as I will explain below. By this decline, Ocado becomes the fourth-worst performing stocks in the FTSE 100 after Avast, and Halma,...