|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||16.18 - 16.80|
|52-week range||8.54 - 47.12|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Ocado has told investors it will pause the construction of more automated distribution centres in the UK, the latest sign of a pullback in demand for online grocery delivery. In a recent presentation to analysts it said two new “customer fulfilment centres” (CFCs) scheduled to open in 2024 and 2025 would be delayed. “We’ve taken the decision to pause the north-west and south-east CFCs,” chief financial officer Stephen Daintith said.
Ocado shoppers are up in arms after an upmarket sourdough white loaf overhauled its recipe to include wholemeal flour, prompting the bakery behind it to deny cost cutting prompted by the war in Ukraine.
Sainsbury’s is now expected to have 160 standalone Argos stores by March 2024 rather than a previous target of 100.