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OCDDY / Ocado investors sell stock as online grocer raises quick-fire £578mln

Ocado investors sell stock as online grocer raises quick-fire £578mln
Ocado Group PLC (LSE:OCDO) has completed a quick-fire £575mln fundraiser, issuing shares to new shares to institutional investors for 795p each – more than a third of their value at their peak early last year. The online grocer, which has parlayed this expertise into technology and fulfilment, will use the funds, including an additional £3mln contributed by retail investors, to maintain its expansion plans. Read More
Posted: Jun 21 2022, 03:20
Author Name: Proactive Investors
Views: 103178

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Ocado launches fresh round of price cuts

By Proactive Investors
October 4, 2023

Ocado launches fresh round of price cuts

Ocado Retail, the joint venture between its namesake parent company and Marks and Spencer Group PLC (LSE:MKS), has announced a new wave of price cuts more_horizontal

Ocado and M&S online joint venture accelerates quarterly growth, expects profitable year

By Proactive Investors
September 19, 2023

Ocado and M&S online joint venture accelerates quarterly growth, expects profitable year

Ocado Group PLC (LSE:OCDO) reported an acceleration in growth from its UK retail joint venture with Marks and Spencer Group PLC (LSE:MKS) in the third more_horizontal

Day Ahead: Ocado, Kingfisher and McBride to highlight consumer mood

By Proactive Investors
September 18, 2023

Day Ahead: Ocado, Kingfisher and McBride to highlight consumer mood

Marks and Spencer investors will be paying attention to Tuesday's report on Ocado Retail, the joint venture with Ocado Group PLC (LSE:OCDO), which br more_horizontal

Ocado Retail: can profits for M&S online partnership persist?

By Proactive Investors
September 15, 2023

Ocado Retail: can profits for M&S online partnership persist?

Ocado Group PLC's (LSE:OCDO) retail profit margins are expected to be under pressure when it updates on third-quarter performance on Tuesday, 19 Sep more_horizontal

Ocado slashes organic food prices, waging war in battle of the supermarkets

By Proactive Investors
September 6, 2023

Ocado slashes organic food prices, waging war in battle of the supermarkets

Ocado Group PLC (LSE:OCDO) will cut the price of organic vegetables and household essentials in its latest bid to attract new customers.   The groce more_horizontal

Ocado-backed robotic start-up sold for knock-down price

By Proactive Investors
August 21, 2023

Ocado-backed robotic start-up sold for knock-down price

Karakuri, the robotic noodle food serving startup backed by Ocado, has seen a chunk of its assets sold for just £350,000 in a pre-pack administration more_horizontal

Ocado shares drop 10% after tech division boss steps down

By Proactive Investors
July 27, 2023

Ocado shares drop 10% after tech division boss steps down

Ocado Group PLC (LSE:OCDO) shares crumpled 10% to 863.8p in early trading after the head of its tech arm stepped down. Luke Jensen, chief executive o more_horizontal

Mea Culpa: I was wrong about the Ocado share price

By Invezz
July 26, 2023

Mea Culpa: I was wrong about the Ocado share price

Ocado (LON: OCDO) share price has gone through a major short squeeze in the past few months. It surged to 960.40p on Thursday, the highest level since more_horizontal


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