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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: 288.90
Bid: 289.70
Ask: 290.90
Change: 2.00 (0.70%)
Spread: 1.20 (0.414%)
Open: 287.00
High: 293.50
Low: 284.40
Prev. Close: 286.90
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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22 Jun 2023 11:04

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

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22 Jun 2023 10:57

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22 Jun 2023 10:27

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20 Jun 2023 09:55

JPMorgan cuts Ocado price target, puts shares on 'negative catalyst watch'

(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.

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20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

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STOXX on the backfoot

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20 Jun 2023 09:01

LONDON MARKET OPEN: Muted open in Europe on lack of US impetus

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TOP NEWS: UK grocery inflation fades to year-to-date low - Kantar

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Broker tips: Ocado, Abcam

(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.

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