Ocado's share price jumps over 2% amid launch of bond buyback scheme

Shares down 5.1% since beginning of 2025

Sorin Dojan
clock • 1 min read

Ocado’s share price has jumped 2.4% in early trading today (29 April), after the online grocery retailer unveiled a series of stock measures.

According to data from MarketWatch, shares in Ocado reached as high as 292.4p this morning before falling to 288.1p at the time of reporting. But despite the gain, the company's share is down 5.1% since the beginning of the year and 18.7% in the past twelve months. SJP commences £93m share buyback programme In two separate stock exchange notices, the retailer said it would launch a bond offering worth £300m with a maturing date set for 2030. The net proceeds, according to Ocado, would be used to fund the purchase of a small fraction of the company's senior unsecured convertible ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Ocado's share price jumps over 2% amid launch of bond buyback scheme

Ocado's share price jumps over 2% amid launch of bond buyback scheme

Shares down 5.1% since beginning of 2025

Sorin Dojan
clock 29 April 2025 • 1 min read
BP share price tumbles as firm restrategises

BP share price tumbles as firm restrategises

Debt increases for energy firm

clock 29 April 2025 • 2 min read
Double-digit profits boost Amundi AUM to record €2.2trn

Double-digit profits boost Amundi AUM to record €2.2trn

AUM up 6.6% year-on-year

Sorin Dojan
clock 29 April 2025 • 1 min read
Trustpilot