Ocado shares rise despite loss as sales beat forecasts

Ocado Group (LSE: OCDO) shares defied expectations on Thursday, surging despite reporting another year of losses. The company narrowed its pre-tax loss and delivered positive adjusted profits, with sales exceeding analyst forecasts by 12%. Ocado’s … Read more

Ocado expands reach with McKesson Canada deal

Ocado shares (LSE: OCDO) saw a 3.4% decline in shares on Wednesday following the announcement of a strategic agreement with McKesson Canada. The online grocer and warehouse technology firm revealed that the deal encompasses the … Read more

Ocado shares surge 13% despite loss

Ocado (LSE: OCDO) share price jumped 13%, reaching 659.60 pence each in London on Tuesday morning. Year-to-date, Ocado’s stock has risen by 5.4% and an impressive 76% since the end of May. For the half-year … Read more

Ocado launches first robotic warehouse in Asia

Ocado has unveiled its inaugural robotic warehouse in Asia, which has commenced operations as the customer fulfillment center (CFC) for Aeon, one of Japan’s leading retailers. Located in the Kanto region, the warehouse has already … Read more

Why did Ocado shares surge 30%?

Ocado (LSE: OCDO) shares surged yesterday, prompted by widespread speculation that the company could be acquired by Amazon, as reported by The Times. Although both Ocado and Amazon declined to comment on the report, investors … Read more

Why are Ocado shares up 5% today?

The Ocado share price (LSE: OCDO) has risen 17% this week, with 5% of those gains made today, but why are Ocado shares rallying? Broker BNP Paribas has upgraded Ocado’s rating to ‘neutral’ and raised … Read more