Edition:
United Kingdom

Ocado Group PLC (OCDO.L)

OCDO.L on London Stock Exchange

1,087.00GBp
19 Jun 2019
Change (% chg)

-65.00 (-5.64%)
Prev Close
1,152.00
Open
1,149.50
Day's High
1,158.00
Day's Low
1,087.00
Volume
2,187,961
Avg. Vol
2,371,440
52-wk High
1,440.50
52-wk Low
730.60

Latest Key Developments (Source: Significant Developments)

Ocado Says Next Buys Marie Claire Beauty Ltd From Ocado
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Ocado Group Plc ::NEXT AND OCADO ANNOUNCE THAT NEXT HAS ACQUIRED MARIE CLAIRE BEAUTY LIMITED FROM OCADO.NEXT ACQUIRED FABLED FOR A SMALL UPFRONT PAYMENT AND AN EARN-OUT BASED ON SALES IN EACH OF THE FOUR YEARS ENDING JAN 2021 – JAN 2024.NEXT ACQUIRED FABLED WITH A MINIMUM GUARANTEED PAYMENT OF £3M.DEAL REPRESENTS A PRESENT VALUE (PV) TO OCADO OF £8M AS A RESULT OF FUTURE EXPECTED EARNINGS.  Full Article

Ocado Applies For Admission Of 10.1 Million Shares To UK's Main Market
Thursday, 30 May 2019 

May 30 (Reuters) - Ocado Group PLC ::APPLICATION MADE TO LSE & UK LISTING AUTHORITY FOR ADMISSION OF 10.1 MILLION FULLY PAID ORDINARY SHARES IN CO OF 2 PENCE EACH TO MAIN MARKET.  Full Article

Marks & Spencer Announces Rights Issue To Fund JV With Ocado
Wednesday, 22 May 2019 

May 22 (Reuters) - Marks and Spencer Group PLC ::MARKS & SPENCER GRP - RIGHTS ISSUE ANNOUNCEMENT.MARKS AND SPENCER GROUP PLC - 1 FOR 5 FULLY UNDERWRITTEN RIGHTS ISSUE RAISING PROCEEDS OF C. £601.3 MILLION TO FUND JOINT VENTURE WITH OCADO GROUP PLC.MARKS AND SPENCER - RIGHTS ISSUE FULLY UNDERWRITTEN ON TERMS OF UNDERWRITING AGREEMENT ENTERED BETWEEN COMPANY, MORGAN STANLEY, BNP PARIBAS, HSBC BANK.MARKS AND SPENCER GROUP PLC - PROPOSING TO OFFER 325 MILLION NEW ORDINARY SHARES BY WAY OF A RIGHTS ISSUE TO QUALIFYING SHAREHOLDERS.MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE WILL RESULT IN ISSUE OF 325,009,968 NEW ORDINARY SHARES OF 25 PENCE EACH.MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE PRICE OF 185 PENCE PER NEW ORDINARY SHARE REPRESENTS A DISCOUNT OF APPROXIMATELY 31.8 PER CENT.MARKS AND SPENCER GROUP PLC - DIRECTORS INTEND TO TAKE UP IN FULL NEW ORDINARY SHARES TO WHICH THEY ARE ENTITLED UNDER RIGHTS ISSUE..MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE REPRESENTING APPROXIMATELY 20.0 PER CENT. OF EXISTING ISSUED SHARE CAPITAL OF M&S.MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE CONDITIONAL ON SALE AND PURCHASE AGREEMENT IN RESPECT OF JOINT VENTURE REMAINING IN FULL FORCE.  Full Article

Ocado expects sales impact from fire in Q2 of 3 pct - finance chief
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Ocado ::CFO SAYS INITIAL FEEDBACK TO NEW ZOOM SERVICE POSITIVE.CFO SAYS REASONABLE TO EXPECT ANNOUNCEMENT OF 5TH UK CFC AROUND TIME OF FIRST HALF RESULTS.CFO SAYS EXPECTS SALES IMPACT OF ANDOVER FIRE IN Q2 TO BE ABOUT 3 PERCENT.  Full Article

Waitrose Says Commercial Arrangement With Ocado To End In Sept. 2020
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Waitrose & Partners: :CONFIRMS ITS COMMERCIAL ARRANGEMENT WITH OCADO WILL COME TO AN END IN SEPTEMBER 2020, IN LINE WITH CONTRACTUAL TERMS.PLANNING A SECOND FULFILMENT CENTRE IN LONDON.  Full Article

Ocado Confirms Discussions With Marks & Spencer For UK Retail JV
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Ocado Group PLC ::RESPONSE TO MEDIA SPECULATION.CONFIRMS THAT IT IS IN DISCUSSIONS WITH MARKS AND SPENCER GROUP PLC REGARDING A JOINT VENTURE IN UK RETAIL.  Full Article

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

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Online and discounters to drive 12.5% growth in UK grocery by 2024

LONDON Britain's food and grocery industry is forecast to grow by 12.5% to 217.7 billion pounds by 2024, driven by the online and discounter channels, researcher IGD said on Thursday.