Ocado Group PLC Sponsored ADR (OCDDY)
Ocado plays down Steiner speculation but admits succession planning
Ocado Group PLC (LSE:OCDO) has played down media reports that the online grocery technology group is preparing for the eventual succession of founder and CEO Tim Steiner. The company issued a short statement on Monday saying it "continually engage[s] in long-term succession planning and regularly engage[s] with potential candidates", following a Sky News report that the board was lining up a successor to Steiner, who co-founded Ocado in 2000.
UK's Ocado says board engaging in CEO succession planning
British technology firm Ocado Group said on Monday that its chief executive Tim Steiner and board are continuing long-term CEO succession planning and is engaging with potential candidates.
Ocado Group lines up successor to CEO Steiner, Sky News reports
British technology firm Ocado Group is preparing to appoint a successor to chief executive Tim Steiner, Sky News reported on Sunday.
UK's midcap index heads for weekly gain as Ocado surges on Asda deal
The UK's domestically focused FTSE 250 index headed for a second straight weekly gain on Friday, powered by a surge in technology firm Ocado's shares after its tie-up with Asda, and on reports that the U.S. and Iran were near a ceasefire extension.
Ocado surges on Asda deal as broker flags UK market breakthrough
Ocado Group PLC (LSE:OCDO) shares jumped 13% to 235p after announcing a partnership with Asda to overhaul the supermarket chain's ecommerce infrastructure, marking the first significant UK client win in years for the technology provider. Broker Peel Hunt said the deal "ticks a lot of boxes" for investors concerned about Ocado's ability to secure new contracts after a prolonged period of negative sentiment.
Ocado to overhaul Asda's online grocery operation with new platform partnership
Ocado Group PLC (LSE:OCDO) has secured a major partnership with Asda to replace the supermarket chain's ecommerce infrastructure, deploying its Smart Platform across the retailer's entire online operation from early 2027. Asda, one of the UK's largest retailers with £21 billion in annual sales and nearly 1,100 stores, currently fulfils more than 700,000 online orders each week through a network of stores and automated facilities known as dark stores.
Ocado shares fall 9.5% as investors question cash flow promises
Online grocer targets positive cash flow next year but execution risks weigh on sentiment Shares in Ocado Group PLC (LSE:OCDO), the online grocery technology group, fell 9.5% to 212.68p in early trading as investors looked past a sharp rise in earnings and focused on execution risks surrounding the company's cash flow targets. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59% to £178 million as group revenue climbed 12.1% to £1.4 billion in the year to November 2025.
UK's Ocado to cut 1,000 jobs in cost saving drive
Ocado , the British technology and online grocery group, plans to cut about 1,000 jobs as it targets savings of 150 million pounds ($203 million) in technology and support costs, its boss said on Thursday.
Ocado expects to turn cash flow positive as it makes 'significant' job cuts
Ocado Group PLC said it is on track to turn cash flow positive next year after a strong rise in earnings from its technology arm and as it cuts a "significant" number of jobs. Adjusted earnings before interest, tax, depreciation and amortisation increased 59% to £178 million as group revenue swelled 12.1% to £1.4 billion in the 52 weeks to 30 November 2025.
UK's Ocado targets cash flow positive in second half of 2026
Ocado , the British technology and online grocery group, said on Thursday it was targeting becoming cash flow positive in the second half of 2026 as it reported a jump in underlying earnings for 2025.
UK's Ocado to axe up to 1,000 jobs in cost-cutting drive, Sunday Times reports
British technology and online grocery group Ocado plans to cut up to 1,000 jobs, or roughly 5% of its workforce, as part of a renewed cost-cutting drive following a difficult year for its automated warehouse business, the Sunday Times reported.
M&S and Ocado growth slows but Tesco and Sainsbury edge higher
Big grocers Tesco and Sainsbury's showed their strength in January, while some listed rivals saw sales growth slow in the new year, as price inflation eased to its lowest in nine months. Grocery price inflation rose 4.0% in January, down from 4.3% in December and 4.7% in October and November, to a level not seen since April last year, as supermarkets ramped up promotioins, according to the latest data from Worldpanel by Numerator.
