Ocado
British online supermarket
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-02-27 15:15
Ocado faces crisis with massive job cuts and emerging losses - Ocado disclosed plans to cut over 500 research and development roles as part of cost reduction efforts.
- The company reported narrower losses in its annual results, although it still recorded significant pre-tax losses.
- Investors reacted negatively to the outlook for 2025 with a drop in share price, prompting concerns over the company's future.
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business 2025-01-14 10:27
Ocado reports significant revenue growth as customer numbers soar - Ocado's annual revenue reached £2.7 billion, reflecting a 14% increase over the prior year.
- Customer engagement surged, with 1.1 million active customers and a significant rise in weekly orders.
- The strong sales growth indicates a positive shift for Ocado as it aims for sustained market leadership.
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business 2025-01-06 00:01
Short-sellers cash in as Ocado's share price drops by over 50% in 2024 - Ocado's share price dropped significantly in 2024, causing its demotion from the FTSE 100 index.
- The company is currently the second most shorted stock in London, with 5.8 percent of shares shorted.
- Short-selling strategies led to over £129 million in profits for major hedge funds betting against Ocado.
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business 2024-12-08 00:01
Games Workshop set to surpass Ocado as it enters FTSE 100 - Games Workshop is set to join the FTSE 100 as one of the top publicly listed companies in the UK.
- The company boasts a market valuation of approximately £4.7 billion, surpassing notable brands like Ocado and Burberry.
- Despite its success, the company's chairman remains unpublicized, creating a contrast with its strong celebrity fanbase.
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business 2024-11-28 11:26
Morrisons ends deliveries from Ocado's Erith warehouse - Morrisons has decided to end deliveries from Ocado's Erith warehouse in favor of its own logistics.
- Ocado plans to utilize the spare capacity from this warehouse for its joint venture with Marks & Spencer.
- The shift has caused a decrease in Ocado's share price, raising concerns among investors.
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business 2024-09-19 07:42
Ocado sees customer surge in Q3, raises full-year outlook - Ocado's customer base grew to over 1.06 million in Q3, up from 961,000 a year ago.
- The retailer reported a 15.5% increase in revenue, totaling £658 million for the quarter ending September 1.
- This strong performance has led Ocado to raise its full-year revenue guidance to double-digit percentage growth.
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business, society, technology 2024-09-11 08:22
Tesco launches online grocery service for global retailers - Tesco has launched Transcend Retail Solutions to provide e-commerce software and hardware to international grocery retailers.
- The first partnership has been established with Foodstuffs North Island in New Zealand, with discussions ongoing with other retailers.
- This initiative aims to enhance operational efficiency for grocers and expand Tesco's influence in the global market.
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business 2024-07-16 00:00
European Stocks Decline Amid Economic Concerns - European markets closed lower as investors reflected on recent comments made by Federal Reserve Chairman Jerome Powell regarding economic policies.
- In contrast, Ocado, a British online supermarket, saw its stock price rise by 10%, indicating positive performance amidst broader market declines.
- The mixed market reactions highlight ongoing economic uncertainties and distinct company performances in the region.
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miscellaneous 2024-06-05 19:07
Ocado kicked off FTSE 100 while Darktrace secures ‘short-lived’ promotion 
business 2024-04-29 23:03
Investors revolt against Ocado founder's £14.8m pay deal - A fifth of investors protest against the founder's £14.8m pay deal at Ocado.
- ShareAction criticizes the disparity between the CEO's pay and frontline staff salaries.
- Investors advised to vote against the CEO's remuneration package at the upcoming AGM.
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business 2024-04-23 23:15
Middle class shoppers flock back to Ocado after price cuts 
technology 2024-04-20 18:00
Why a New York listing could turn Ocado into a tech powerhouse You've reached the end
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