Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

358.50p
   
  • Change Today:
    -3.80p
  • 52 Week High: 976.40
  • 52 Week Low: 342.90
  • Currency: UK Pounds
  • Shares Issued: 829.94m
  • Volume: 309,140
  • Market Cap: £2,975.35m

Ocado wins UK patent infringement suit brought by AutoStore

By Michele Maatouk

Date: Thursday 30 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Online supermarket and technology company Ocado said on Thursday that it had "comprehensively won" a patent infringement suit brought by Norwegian warehouse robotics group AutoStore at the UK High Court.
The judge ruled that the AutoStore patents were invalid and, in any event, Ocado did not infringe them.

AutoStore had originally asserted six patents against Ocado in October 2020. Of these six, two were invalidated by the European Patent Office before judgment was handed down, two were withdrawn by AutoStore shortly before the hearing started and the remaining two patents were invalidated by Judge Hacon in Thursday's judgment, Ocado said.

"Judge Hacon decided that even if he had not invalidated these remaining patents, Ocado's OSP did not infringe them - and that Ocado's bots also did not infringe the patents that Autostore had withdrawn from the case," the company said.

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Ocado Group Market Data

Currency UK Pounds
Share Price 358.50p
Change Today -3.80p
% Change -1.05 %
52 Week High 976.40
52 Week Low 342.90
Volume 309,140
Shares Issued 829.94m
Market Cap £2,975.35m

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.84% below the market average19.84% below the market average19.84% below the market average19.84% below the market average19.84% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Price Trend
68.1% below the market average68.1% below the market average68.1% below the market average68.1% below the market average68.1% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income Not Available
Growth
17.93% below the market average17.93% below the market average17.93% below the market average17.93% below the market average17.93% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 5
Strong Sell 0
Total 15
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 26-Apr-2024

Time Volume / Share Price
10:36 1,286 @ 357.83p
10:36 2,765 @ 359.26p
10:35 6 @ 358.50p
10:35 500 @ 358.57p
10:35 1,200 @ 358.50p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith
Chair Richard N (Rick) Haythornthwaite

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