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United Kingdom

Ocado Group PLC (OCDO.L)

OCDO.L on London Stock Exchange

896.40GBp
22 Feb 2019
Change (% chg)

-7.20 (-0.80%)
Prev Close
903.60
Open
912.60
Day's High
912.60
Day's Low
889.40
Volume
892,626
Avg. Vol
1,992,634
52-wk High
1,163.00
52-wk Low
492.80

Latest Key Developments (Source: Significant Developments)

Ocado Sees Lower Sales Growth After Fire At Andover Fulfilment Centre
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Ocado Group PLC ::OCADO GROUP PLC - INCIDENT CONTINUED AT ANDOVER CFC.OCADO GROUP PLC - INCIDENT CONTINUED AT ANDOVER CUSTOMER FULFILMENT CENTRE.OCADO GROUP PLC - FIRE WHICH STARTED YESTERDAY MORNING IN A CORNER OF AMBIENT GRID WAS NOT CONTAINED AS WE BELIEVED, AND LAST NIGHT EXPANDED.OCADO GROUP PLC - CONFIRMS THAT NO MEMBERS OF OCADO TEAM OR PUBLIC HAVE BEEN INJURED.OCADO GROUP PLC - DURING NIGHT PART OF ROOF COLLAPSED AND THERE HAS BEEN SUBSTANTIAL DAMAGE TO MAJORITY OF BUILDING AND ITS CONTENTS.OCADO GROUP PLC - PREPARE A PLAN TO RETURN CFC TO OPERATION WE WILL UPDATE FURTHER AS APPROPRIATE.OCADO GROUP PLC - CONFIRMS THAT NO MEMBERS OF OCADO TEAM OR PUBLIC HAVE BEEN INJURED.OCADO GROUP PLC - ANDOVER WAS PROVIDING APPROXIMATELY 10% OF OUR CURRENT CAPACITY.OCADO GROUP PLC - RESULT OF INCIDENT THERE WILL BE A CONSTRAINT ON ABILITY TO MEET GROWING CUSTOMER DEMAND.OCADO GROUP PLC - HAS COMPREHENSIVE INSURANCE FOR PROPERTY, STOCK AND EQUIPMENT ON SITE, AND FOR BUSINESS INTERRUPTION LOSSES.OCADO GROUP PLC - THERE WILL BE A REDUCTION IN SALES GROWTH UNTIL CO CAN INCREASE CAPACITY ELSEWHERE.  Full Article

Ocado Reports Fire At Andover Customer Fulfilment Centre
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Ocado Group PLC ::INCIDENT AT ANDOVER CUSTOMER FULFILMENT CENTRE.ANDOVER SUSPENDED OPERATION THIS MORNING PREVENTING FURTHER FULFILMENT OF ORDERS.ON TUESDAY, 5 FEBRUARY 2019, A FIRE STARTED IN A SECTION OF AMBIENT GRID OF CO'S ANDOVER CFC.INCIDENT, MEASURES BEING TAKEN TO CONTAIN IT APPEARS TO HAVE AFFECTED A PROPORTION OF MECHANICAL HANDLING EQUIPMENT AND SOME OF GRID.FIRE BRIGADE IS ON ANDOVER SITE.  Full Article

Ocado "expecting best ever Christmas" - CFO
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Ocado Group PLC ::CFO SAYS "EXPECTING BEST EVER CHRISTMAS".  Full Article

Kroger Announces Cincinnati Region As Selection For America’s First Customer Fulfillment Center
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Kroger Co ::KROGER - ANNOUNCED CINCINNATI REGION AS ITS SELECTION FOR AMERICA’S FIRST CUSTOMER FULFILLMENT CENTER.KROGER - IS INVESTING $55 MILLION TO BUILD THE FIRST CFC; IS PLANNING TO OPEN 20 CFCS.  Full Article

Ocado CFO expects larger pretax loss in 2018 than current market consensus
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Ocado Group PLC ::CFO SAYS EXPECTS FIRM TO MAKE LARGER FULL YEAR 2018 PRETAX LOSS THAN CURRENT MARKET CONSENSUS.  Full Article

Ocado CFO: Kruger deal is 'transformational'
Thursday, 17 May 2018 

May 17 (Reuters) - Ocado ::CFO SAYS STILL IN NEGOTIATIONS WITH KROGER AND FINAL DETAILED DEAL STLL TO BE SIGNED.CFO SAYS 'PRETTY OPTIMISTIC' CAN FUND KROGER PARTNERSHIP WITHOUT GOING TO INVESTORS.CFO SAYS KROGER PARTNERSHIP 'MULTI-YEAR PLAN WITH A LOT TO DO'.CFO SAYS KROGER PARTNERSHIP IS A "QUANTUM DIFFERENCE" THAN PREVIOUS DEALS.CFO SAYS KROGER WILL ALSO HAVE ACCESS TO ITS SOFTWARE, IF IT CHOOSES, FOR STORE PICKING.CFO SAYS POST-KROGER DEAL, SEVEN MAJOR GROCERS WILL BE ON PLATFORM, CREATING URGENCY FOR ANY OTHERS WHO WANT TO JOIN.CFO SAYS CONFIDENT IT CAN RAMP UP TO MEET KROGER'S AMBITIONS.CFO SAYS KRUGER TAKING A STAKE IS EVIDENCE OF THE STRENGTH OF ITS TECHNOLOGY PLATFORM.  Full Article

Ocado says driver shortage that hit sales mostly London, south east England
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Ocado ::CFO SAYS DRIVER SHORTAGE THAT AFFECTED SALES WAS MOSTLY IN PARTS OF LONDON AND SOUTH EAST OF ENGLAND.CFO SAYS DRIVER SHORTAGE THAT AFFECTED SALES NOT UNIQUE TO OCADO.CFO SAYS DRIVER SHORTAGE HAS PUSHED UP WAGE RATES IN SOME LOCATIONS.CFO SAYS Q4 SALES GROWTH WOULD HAVE BEEN "CLOSER TO 13 PERCENT" IF DIDN'T HAVE DRIVER SHORTAGE.  Full Article

Ocado talking to lots of retailers, expects further deals
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Ocado ::CFO SAYS WILL INTRODUCE SEGMENTAL REPORTING TO MAKE CLEAR SPLIT BETWEEN UK RETAIL AND INTL SOLUTIONS UNITS.CEO SAYS CASINO DEAL IS NEW, SEPARATE FROM DEAL ANNOUNCED EARLIER THIS YEAR.CEO SAYS TALKING TO LOTS OF RETAILERS, EXPECT FURTHER DEALS.CEO SAYS NEW GROUPE CASINO CFC WILL BE BIGGER THAN ITS ANDOVER CFC WHICH IS ABLE TO HANDLE 350 MILLION STG OF SALES.  Full Article

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British supermarkets battle to secure stocks as chaotic Brexit looms

LONDON Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing on trade terms, food industry officials say.