Ocado

Ocado returns to earnings growth as sales soar

Ocado has returned to positive earnings in its full-year results after sales soared over the year, in part boosted by…

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Ocado shares suffer worst fall in 11 years

Online supermarket Ocado saw its shares plummet 20% yesterday, its worst fall in 11 years, as a result of being…

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Price cuts boost Ocado sales in Q3

Price cuts have helped entice shoppers to Ocado in its third quarter of trading, with retail sales up by 7.2%…

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Ocado wins £200m payout over patent battle

Ocado has won a £200m settlement from Autostore to put to an end the company’s global patent dispute. A settlement…

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Ocado restates FY23 guidance despite increased losses

Ocado has restated that it has full confidence in its FY23 guidance despite posting losses of £289.5m for the half…

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Ocado appoints new non-executive director

Ocado Group has appointed Rachel Osborne as an independent non-executive director with effect from September 2023 amid recent takeover speculations.…

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Third of Ocado shareholders vote against CEO’s £2m pay packet 

Around 30% of shareholders at Ocado have voted against a measure that would see CEO Tim Steiner receive a £2m…

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Ocado to close warehouse risking 2,300 jobs

Ocado has announced that it is closing its fulfilment centre in Hatfield putting 2,300 jobs at risk. The retailer stated…

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Ocado reveals Q4 revenues of £550m

Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared…

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Ocado partners with South Korea’s Lotte Shopping

Ocado Solutions has entered the South Korean market following a new partnership with Lotte Shopping, which will aim to develop…

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