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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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12 Apr 2023 16:54

LONDON MARKET CLOSE: Stocks in the green as US inflation rate cools

(Alliance News) - Stocks in London closed higher on Wednesday as the US inflation rate continued to cool, providing investors with some hope that the cycle of rate hikes may soon be at an end.

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12 Apr 2023 09:28

LONDON BROKER RATINGS: Jefferies cuts Tullow Oil, EnQuest and Energean

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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31 Mar 2023 17:23

London stocks close out quarter higher as healthcare, consumer stocks gain

U.S. consumer spending falls in Feb

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31 Mar 2023 09:13

LONDON MARKET OPEN: UK avoids recession; NCC slumps on profit warning

(Alliance News) - Stocks in London saw a muted open on Friday, but the FTSE 100 index remained on course to finish a tumultuous first quarter of 2023 in the green.

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31 Mar 2023 07:56

LONDON BRIEFING: UK avoids recession in 2022; house prices down 3%

(Alliance News) - Stocks in London were called to open flat on Friday, amid better-than-expected UK GDP figures.

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31 Mar 2023 06:54

LONDON MARKET EARLY CALL: UK to join Asia-Pacific trade partnership

(Alliance News) - Stocks in London were pointed to a flat open on Friday, with the FTSE 100 set to finish the first quarter of 2023 in the green.

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30 Mar 2023 17:29

TOP NEWS: Ocado hails UK patent legal win against Autostore

(Alliance News) - Ocado Group PLC on Thursday celebrated another legal win in a patent dispute against AutoStore AS.

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30 Mar 2023 17:14

Ocado wins UK patent infringement suit brought by AutoStore

(Sharecast News) - Online supermarket and technology company Ocado said on Thursday that it had "comprehensively won" a patent infringement suit brought by Norwegian warehouse robotics group AutoStore at the UK High Court.

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30 Mar 2023 17:00

LONDON MARKET CLOSE: Shares climb after another day of no bank frights

(Alliance News) - Stock prices in London closed higher on Thursday, as equities continued to rally on the belief that a banking crisis has been averted.

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29 Mar 2023 12:08

LONDON MARKET MIDDAY: Banking optimism, Chinese tech gains lift shares

(Alliance News) - Large-cap equities in Europe went into Wednesday afternoon on the front foot, with the market mood lifted by a rally in Chinese technology shares and continued optimism that a full-blown banking crisis will be averted.

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28 Mar 2023 14:37

Ocado says Kroger committed to build more warehouses despite roll-out slowdown

LONDON, March 28 (Reuters) - U.S. supermarket group Kroger Co is committed to building more automated warehouses in partnership with British online grocer and technology group Ocado, despite slowing a roll-out of sites, Ocado CEO Tim Steiner said on Tuesday.

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28 Mar 2023 14:02

UPDATE: Ocado Retail sees shopping baskets shrink as food prices rise

(Alliance News) - Ocado Retail Ltd on Tuesday reported an increase in revenue for the first quarter of financial 2023 as customers and orders rose. It has also backed its annual guidance.

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28 Mar 2023 09:27

Food inflation soars to record 17.5% - Kantar

(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.

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28 Mar 2023 09:24

TOP NEWS: Ocado achieves quarterly rise; backs annual outlook

(Alliance News) - Ocado Group PLC on Tuesday reported an increase in retail revenue for the first quarter of financial 2023 as customers and orders rose. It has also backed its annual guidance.

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28 Mar 2023 09:16

LONDON MARKET OPEN: Stocks steady as banking worries ease

(Alliance News) - Stock prices in London opened mixed on Tuesday, amid reduced concern about the stability of the banking sector, as the Bank of England governor is set to testify to Parliament about the collapse of Silicon Valley Bank.

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