Ocado

Ocado taps investors for £575m amid tech expansion

Ocado Group plc, the online grocery platform, is set to raise £575m of new ordinary shares of 2 pence per…

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30% of Ocado shareholders vote against £100m CEO bonus plan

Almost 30% of Ocado shareholders voted against the company’s remuneration policy that would see its chief executive Tim Steiner receive…

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Ocado faces backlash over boss Tim Steiner’s £100m pay plan

Ocado faces a shareholder backlash over plans to reward boss Tim Steiner with up to £100m at a time when…

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Ocado set to receive £190m from M&S amid joint venture success

Ocado is reportedly set to receive an estimated £190m after its food delivery joint venture with M&S is thought to…

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Ocado lowers growth forecast amid drop in Q1 sales

Ocado Retail Ltd has announced its revenues dropped 5.7% year-on-year in the 13 weeks to 27 February 2022 (Q1) to…

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Ocado FY21 losses widen amid labour shortages and robotics roll-out

The Ocado Group has reported a loss before tax of £176.9m for the 52 weeks ending 28 November 2021 (FY21),…

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Ocado unveils new suite of ‘game changing innovations’

The Ocado Group has announced a new suite of “game-changing” innovations for its proprietary Ocado Smart Platform (OSP) to help…

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Ocado Q3 retail revenues damaged by fire

Ocado Retail, the joint venture between Ocado Group and Marks and Spencer Group, saw Q3 FY21 revenues fall 10.6% year-on-year…

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Former Amazon VP joins Ocado as non-executive director

Ocado has announced that former Amazon vice president Nadia Shouraboura will join the group as an independent non-executive director.  Shouraboura,…

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Ocado to allow staff to work from anywhere for one month a year

Ocado has reportedly told its staff members that they can now work wherever they want, including abroad, for one month…

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