Ocado

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 Solutions CEO to step down in September

Ocado Group has today (27 July) announced that Luke Jensen has notified the board of his intention to retire and…

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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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M&S chair ‘unhappy’ with Ocado Retail performance

M&S chair Archie Norman has reportedly told shareholders last week that he is “not happy” with the performance of Ocado…

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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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Ocado shares jump amid rumours of Amazon interest

Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail…

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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 Q1 sales rise 3.4% to £584m

British online supermarket Ocado retail has reported that its Q1 2023 sales increased to £584m, marking a 3.4% rise over…

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