Ocado and supermarket trends, BHP and the mining cycle both in focus on Tuesday

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Other results will include half-year numbers from Just Eat Takeaway.com, Plus500 and Polypipe A grocery market update on Tuesday will confirm whether weekly shops are still being done online or back in store as investors try to work out what the ‘new normal’ looks like in the sector. A month ago, Kantar’s monthly basket of supermarket data showed that total till takings had fallen 5.1% in the twelve weeks to 11 July, though spending was still £3bn higher than this time in 2019. With more people returning to the office, going out to pubs and restaurants again and shopping in shops, the number of people choosing to buy groceries online fell by 81,000 in July compared with the same four weeks last year, while digital baskets shrunk 8% and year-on-year sales growth for online groceries dropped for the first time ever. Digital sales currently accounts for 13.3% of the total market, compared to 13.4% in June’s update, 13.9% in May’s and the peak of 15.4% in February.
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