Shareholders call for change as share price plummets

  • Ocado shareholders want the company to switch from London to New York stock market
  • Discussions have been held with investors about the possibility of moving the listing to America
  • Ocado’s share price has dropped 90% from its peak during the pandemic
  • Some investors see Ocado as a loss-making online supermarket rather than a technology company
  • Shareholders are planning a revolt at the annual general meeting over a new pay scheme

Ocado is under pressure from shareholders to consider leaving the London stock market and moving its listing to New York. The collapse of Ocado’s share price, which has dropped 90% from its peak during the pandemic, has fueled speculation about the company’s possible departure. Some investors view Ocado as a loss-making online supermarket rather than a technology company. In addition to the potential move, shareholders are planning a revolt at the upcoming annual general meeting over a new pay scheme that could award the CEO a bonus of up to £15m.

Factuality Level: 8
Factuality Justification: The article provides relevant information about pressure from shareholders for Ocado to consider leaving the London stock market for New York. It includes details about face-to-face discussions with investors, the collapse of Ocado’s share price, and speculation about the company’s possible departure. The article also mentions the reasons behind the pressure, such as concerns about the business being seen as a loss-making online supermarket rather than a technology company, and a potential shareholder revolt over a new pay scheme. Overall, the article is factually accurate and provides a clear overview of the situation.
Noise Level: 3
Noise Justification: The article provides relevant information about pressure on Ocado to consider leaving the London stock market for New York, the reasons behind this pressure, and the potential consequences. It includes details about the collapse of Ocado’s share price, discussions with investors, and a possible shareholder revolt. The article stays on topic and supports its claims with examples and data.
Financial Relevance: Yes
Financial Markets Impacted: London stock market, New York stock market
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the pressure faced by Ocado to consider leaving the London stock market for New York. This potential move could impact both the London and New York stock markets, as well as the companies involved. However, there is no mention of any extreme event or its impact in the article.

Reported publicly: www.retailgazette.co.uk