supermarket

FTSE News FTSE 100

Ocado Group PLC (LON:OCDO) has today announced its full year results for the 52 weeks ended 1 December 2019. •     10.3% Retail Revenue growth, making Ocado Retail the fastest growing grocer in the UK, despite capacity lost with Andover fire  •     Fees invoiced to International Solutions partners of £81.4 million, up over 38%, bringing the total to around £140m of unrecognised fees by the end of …

Ocado Group PLC

Ocado Group Another strong quarter for customer orders

FTSE News FTSE 100

Ocado Retail Ltd, a joint venture between Ocado Group (LON:OCDO) and Marks & Spencer Group (LON:MKS), has announced its trading statement for the 13 weeks to 1 December 2019. Highlights ●     Growth in Retail Revenue of 10.8%, in line with our guidance ●     Growth in Average orders per week of 10.4%  ●     Average order size stable ●     Range review completed, confirming that M&S has substitutes …

Ocado Group Convertible Bond Offering

FTSE News FTSE 100

Ocado Group (LON:OCDO) has announced the launch of an offering of approx. £500 million of guaranteed senior unsecured Convertible Bonds due 2025. The net proceeds of the issue of the Bonds will be used to fund capital expenditure in relation to Ocado Solutions’ commitments and general corporate purposes. The Offering enables Ocado Group to diversify its funding sources and capitalise …

Ocado Group PLC

Ocado Group announces Ocado Solutions and Aeon partnership

FTSE News FTSE 100

Ocado Group (LON:OCDO) has announced the signing of an agreement between Ocado Solutions and Aeon to partner to develop Aeon’s online grocery business in Japan using the Ocado Smart Platform. Aeon is one of Japan’s longest-established retailers with almost a century of experience serving Japanese customers. It is also one of Asia’s largest retailers, with over 580,000 associates and approximately …

Ocado Group announce Bristol as sixth CFC location

FTSE News FTSE 100

Ocado Group (LON:OCDO) and Ocado Retail Limited have announced the location of a sixth Customer Fulfilment Centre (“CFC”) in the UK to support the growth plans of Ocado Retail, allowing it to bring the market-leading Ocado customer experience to even more customers in the UK. This will be Ocado Retail’s first mini-CFC and will be located in Bristol. The facility …

Ocado Group PLC Completion of Arrangements with Marks and Spencer Group plc

FTSE News FTSE 100

On 27 February 2019, Ocado Group PLC (LON:OCDO) announced that it had entered into certain arrangements with M&S and members of its group to establish a new 50/50 joint venture comprising Ocado’s UK grocery retail business, supported by a new partnership for solutions services underpinned by the Ocado Smart Platform and the provision of branding and sourcing from M&S.  Further …

Ocado Group PLC

Ocado Group PLC Trading in line with expectations; statutory results impacted by Andover fire

FTSE News FTSE 100

Financial highlights ●         9.7% Retail Revenue growth demonstrates the resilience of the business, with the impact of the Andover fire estimated at 2% of sales in the half ●         Fees invoiced from Solutions partners of £122.7 million, up 36% on the same period in the prior year, with fees from international partners almost doubling ●         Group EBITDA of £18.7 million reflects the combined impacts of the …

Ocado Group PLC

Ocado Group PLC International partnership between Ocado and Coles

FTSE News FTSE 100

Ocado Group PLC (LON:OCDO) We are pleased to announce the signing of an agreement between Ocado Group plc and Coles Group Ltd to partner with Ocado Solutions to develop Coles Online’s grocery business in Australia using the Ocado Smart Platform (“OSP”). Coles is one of Australia’s largest retailers, trading from 818 supermarkets, 911 liquor stores, and 712 Coles Express petrol …

Ocado Group PLC

Ocado Group plc Strong underlying growth impacted by Andover fire

FTSE News FTSE 100

Ocado Group plc (LON:OCDO) today announced its trading statement for the 13 weeks to 3 March 2019. Highlights – Growth in Revenue (Retail) of 11.2% which was impacted by the fire at CFC3 in Andover in February, equivalent to 1.2% of sales in the quarter – Strong underlying growth in average orders per week, with average order size slightly lower …

Marks and Spencer Plc

Marks and Spencer Group Plc and Ocado announce new Joint Venture

FTSE News FTSE 100

Marks and Spencer Group Plc (LON:MKS), the unique own brand retailer, today announces the creation of a new 50/50 Joint Venture (“JV”) with Ocado Group Plc (LON:OCDO), the UK’s leading pure play digital grocer, that will transform online grocery shopping for UK consumers. Under the JV, M&S is acquiring a 50% share of Ocado’s UK retail business, which will be …