Open warfare: Ocado claims Autostore is lying while rival says online grocer’s IP rights are ‘invalid’ January 31, 2022 The war of words between Ocado and its rival Autostore reached new heights today as Ocado accused Autostore of misleading investors over its legal battle with the online grocer in Germany. Autostore issued an update on the Norwegian stock market on Monday claiming that a judge in a Mannheim Court said Ocado’s intellectual property rights [...]
Ocado allows employees to work from abroad for a month August 9, 2021 Ocado Group has announced its employees will be allowed to work remotely from a country of their choosing for up to a month. The online grocer’s Chief People Officer, Claire Ainscough, confirmed the policy in comments to The Times, stating that the company is still encouraging a return to the office. The news comes as [...]
Hot under the collar: Ocado pins revenue tumble on warehouse fire September 14, 2021 Online supermarket Ocado has pinned a revenue dive over the last quarter on a fire at one of its London warehouses, in its latest trading update today. The fire, at its south London Erith Customer Fulfilment Centre in July, cost Ocado some £35m in revenue, it said in a statement – the equivalent of 300,000 [...]
Ocado: Thousands of orders cancelled as robots cause fire July 19, 2021 A fire at an Ocado fulfillment centre in south-east London on Friday has caused the online grocer to cancel thousands of orders. The blaze occurred when three of the robots that help pick groceries collided at the Erith site. About 800 staff members had to be evacuated and firefighters worked through the night to stop [...]
Ocado partners with major Spanish grocer as revenue leaps July 6, 2021 Revenue at supermarket Ocado is up significantly on the same period last year, as the online model proved resilient in the face of Covid-19 restrictions. Revenue for the business stood at £1.3bn for the first half of 2021, up 24.4 per cent on H1 2020. Group EBITDA more than tripled to £61m, despite increased [...]
Marks & Spencer set to ring up profits leap after impressive year May 18, 2024 High street bellwether Marks & Spencer is expected to reveal a jump in annual profits on Wednesday when it reports back after a bumper year.
Ocado fears disruption after south London warehouse fire July 19, 2021 Ocado fears disruption this week after a major fire at a south east London warehouse. Several dozen firefighters were called to the company’s depot in Erith on Friday afternoon after a robot collision resulted in the conflagration. The Erith site handles up to 150,000 orders a week. Ocado was forced to cancel a host of [...]
Ocado sales dip as pre-pandemic habits return, supermarket data finds August 17, 2021 The UK’s return to normality has been accompanied by a return to pre-pandemic shopping habits, with online and overall grocery sales declining. The latest grocery market share figures from Kantar for the period ending 8 August show that grocery sales fell by four per cent. The latest twelve weeks saw the lowest level of online [...]
Easing of lockdown restrictions expected to slow growth at online retailer Ocado July 2, 2021 The easing of lockdown restrictions is expected to have slowed down soaring retail sales growth at Ocado as the online retailer unveils it latest trading performance next week. It was among UK grocery firms to see sales spark amid strong demand for home deliveries after the Government enforced lockdown restrictions and forced hospitality operators to [...]
Barratt becomes one of the most hated shares in the UK despite Labour bounce July 9, 2024 Barratt is due to make a trading announcement tomorrow. Analysts expect operating profit to more than halve from £863m to £357m for the year, thanks to higher interest rates and inflationary pressures.