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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 281.00
Bid: 282.00
Ask: 282.50
Change: -9.40 (-3.24%)
Spread: 0.50 (0.177%)
Open: 291.00
High: 297.90
Low: 281.00
Prev. Close: 290.40
OCDO Live PriceLast checked at -

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Ocado says fire at distribution center puts 400 jobs at risk

Fri, 17th May 2019 12:32

(Sharecast News) - It will take Ocado two years to rebuild the distribution centre that was destroyed in a fire in February 2019, leaving roughly 400 jobs at risk.Almost half of the 850 people employed at the Andover site risk being laid off, a spokesperson for the digital grocer announced.Investigators blamed the cause of the fire on an electrical fault in a battery charging unit which caused a plastic lid on the top of a grocery-carrying robot to catch fire.The resulting blaze meant that nearby homes had to be evacuated due to fears that a three-tonne cylinder of ammonia gas might combust."In light of the fact that the rebuild of Andover CFC will take at least 2 years to complete, it is with immense regret that we have commenced a formal consultation process," the company said."We would like to thank all of our colleagues for their hard work and we will provide them with all the support we can during this process. We are committed to rebuilding and restoring our operations in Andover and sincerely hope that we are able to welcome any affected colleagues back to Ocado in the future."The Andover warehouse provided about 10% of Ocado's delivery capacity and most of the workers that will be kept on work in delivery.The firm, which currently delivers groceries for Waitrose and Morrisons as well as for Ocado's online store was planning on expanding to delivery for M&S.
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23 Jun 2023 17:21

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23 Jun 2023 12:09

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23 Jun 2023 11:10

Ocado shares fall after Thursday's bid speculation-driven jump

Ocado shares down 7.5% in morning trading

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23 Jun 2023 09:44

Ocado shares fall after Thursday's bid speculation-driven jump

Ocado shares down 8% in morning trading

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22 Jun 2023 20:31

CORRECT: LONDON MARKET CLOSE: Stocks down after hawkish hike to rates

(Correcting the closing of the FTSE 250 and including the close of the FTSE 100).

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22 Jun 2023 17:21

European shares slide on rate hike jitters after Powell comments, BoE hike

BoE hikes rates by 50 bps to 5%

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22 Jun 2023 17:08

London stocks fall as BoE delivers bigger-than-expected rate hike

BoE hikes rates by 50 bps to 5%

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22 Jun 2023 16:50

LONDON MARKET CLOSE: Stocks tumble after hawkish hike to UK rates

(Alliance News) - Stocks in London closed firmly in the red on Thursday after the Bank of England surprised with a chunkier-than-expected 50 basis point interest rate hike.

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22 Jun 2023 16:15

(OFFICIAL)-Man, AQR among funds with trades stung by Ocado's share surge -research

LONDON, June 22 (Reuters) - Global hedge funds including Man Group and AQR Capital Management faced potential losses on their bets against Ocado after the online grocer's stock price surged on Thursday, said data and research group Breakout Point.

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22 Jun 2023 14:54

Shares of UK online supermarket Ocado soar on talk of Amazon bid interest

Times report says talk of bid interest from U.S. suitors

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22 Jun 2023 12:19

LONDON MARKET MIDDAY: BoE moves hawkishly and hikes by 50 basis points

(Alliance News) - Stock prices in London were lower at midday on Thursday, while the pound struggled for direction, after the Bank of England acted more aggressively than initially expected, as it grapples with rampant UK inflation.

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22 Jun 2023 11:04

PRESS: Amazon declines to comment on report of Ocado bid interest

(Alliance News) - Online retailer Amazon.com Inc on Thursday declined to comment on whether a takeover of online grocer and warehouse technology firm Ocado Group PLC was on the cards, Reuters reported on Thursday.

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22 Jun 2023 10:57

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