Ocado

Increase in visits sees supermarket sales up 4.7% in October

Total Till sales increased 4.7% at UK supermarkets in the last four weeks ending 5 October 2024, up from +4.0%…

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Ocado Retail to slash prices on over 450 products

Ocado Retail has announced that it is slashing prices under its Big Price Drop scheme. Posting on LinkedIn, the group…

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Ocado to extend debt maturity by raising £600m in bonds

Ocado has extended the maturity of its debt by raising £600m in bonds which are due for repayment in 2029,…

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Ocado boss plans to retain stake in M&S JV

Time Steiner, Ocado CEO, has reportedly announced that the group plans to retain its stake in Ocado Retail, its joint…

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Hot weather and Euros help boost grocery sales

Total Till sales at UK supermarkets improved +3.6% in the last four weeks ending 13 July 2024, up from 1.1%…

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Ocado appoints ex-BT chief as NED

Ocado Group has revealed that former BT chief Gavin Patterson has been appointed as an independent non-executive director with effect…

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Fifth of Ocado shareholders vote against CEO bonus

Amost a fifth of Ocado shareholders voted against a new pay scheme that would see co-founder and CEO, Tim Steiner,…

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Supermarket sales jump 3.3% as inflation continues to fall

Overall take-home grocery sales rose by 3.3% over the four weeks to 14 April as grocery price inflation also continued…

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Ocado shareholders call for switch to New York stock market

Ocado is reportedly facing pressure from shareholders to abandon the London stock exchange in favour of the New York market,…

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Ocado secures funding to boost delivery capabilities

Ocado has secured a multi-million-pound funding package from Shawbrook to acquire 43 new refrigerated vans, strengthening its delivery capabilities across…

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