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Prices & Quotes - UK Markets - Ocado Group (OCDO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,198.00p
Change Today:
-9.00p
Market Cap:
16,444m
Sector:
Food & Drug Retailers

Asda launches green strategy to cut single-use plastics

By Caoimhe Toman

Date: Tuesday 20 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Asda launches fruit and vegetable strategy in new sustainability store to try to cut down on single-use plastics and promises "greener" products without packaging at the same price.
To promote sustainability, Asda will be launching Greener at Asda Price, a promise that loose and unwrapped fruit and vegetables will not cost more than their wrapped equivalents at any of its stores.

The move is an attempt to reduce complaints from customers that greener alternatives to their ordinary groceries usually come with a hefty price tag.

At its new-style shop in Middleton, a suburb of Leeds, a "live" trial will be held and monitored from Asda's nearby head office, with customers asked to give feedback on the various schemes that could be a model for other stores.

The trial store's scheduled opening in May was delayed owing to Covid-19.

The store will offer 53 fresh produce lines in loose and unwrapped format. The store will also have recycling facilities for items that are difficult to recycle such as crisp packets, toothpaste tubes and cosmetic containers in general.

"Today marks an important milestone in our journey as we tackle plastic pollution and help our customers to reduce, reuse and recycle," said Roger Burnley, Asda's chief executive. "We have always known that we couldn't go on this journey alone, so it is fantastic to work in tandem with more than 20 of our partners and suppliers who have answered the call to test innovative sustainable solutions with us."

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Ocado Group Market Data

Currency UK Pounds
Price 2,198.00p
Change Today -9.00p
52 Week High 2,895.00p
52 Week Low 1,064.00p
Volume 330,290
Shares Issued 748.15m
Market Cap 16,444m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 6
Sell 1
Strong Sell 6
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 01-Dec-2020

Time Volume / Share Price
14:38 55 @ 2,196.60p
14:38 186 @ 2,198.39p
14:38 29 @ 2,198.00p
14:38 35 @ 2,198.00p
14:38 150 @ 2,198.00p

Ocado Group Key Personnel

CEO Tim Steiner
COO Mark Richardson