Ocado shares jump 14% after sales surge

The rise in sales comes after Ocado was dumped out of the FTSE 100 in June

Ocado Delivery Van In London
(Image credit: Mike Kemp / Contributor)

Ocado shares rose by as much as 14% on Thursday before falling back after the online retailer said third-quarter sales had jumped to more than £650 million.

Ocado told investors that sales to late August climbed 15.5% from a year ago, far exceeding analyst expectations of nearer 10%. Average orders per week also rose almost 15% to 437,000.

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.