Supermarkets
Ocado shares drop amid HSBC downgrade
The lowered rating has sent Ocado’s share price down by over 7% as the retailer is seeing smaller baskets and customers trading down in response to inflationary pressures
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2022/02/OcadoMSEdit_06-1-scaled-1-780x470.jpg?lossy=1&strip=1&webp=1)
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