Osborne-chaired Lingotto fund builds stake in Ocado amid Amazon takeover rumours June 26, 2023 The investment fund chaired by former chancellor George Osborne has built a up stake in retail tech firm Ocado, new company filings revealed today.
Ocado buys robotics start-up for $10.2m as online retail giant eyes automating grocery pick-ups May 23, 2022 Online grocer Ocado has inked a deal to buy a materials handling robotics start-up for $10.2m. In a deal worth the equivalent of £8.11m, Ocado has agreed to buy Myrmex, it announced on Monday. The UK supermarket snapped up a minority stake in the Athens-based firm in 2020. Myrmex was instructed to develop a programme [...]
Ocado losses swell as shoppers add less items to their baskets amid cost of living crunch July 21, 2022 Ocado has posted swelling losses after shoppers have added less items to their shopping baskets following the cost of living crunch and easing of lockdown restrictions. Losses widened to £211m, from £27.9m the year prior, for the six month period to 29 May, as customers tightened their purse strings as inflation surged past new 40-year [...]
Mark Kleinman: Thames Water will be hoping for a fresh start in 2024 December 28, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Ocado’s yo-yoing stock swings up again: Will critics ‘put away knives they’ve been sharpening’? July 16, 2024 A strong set of results this morning sent Ocado’s stock up 18 per cent, a day after a downgrade from leading broker Bernstein sent it down 10 per cent yesterday. In its interim results for the 26 weeks to 2 June 2024, the company reported revenue of £1.5bn, up by 12.6 per cent year on [...]
Ocado set to fall out of FTSE 100 after shares crash May 29, 2024 Investors appeared to delete Ocado from their shopping baskets on Wednesday, after reports the business behind the posh online grocery store could be relegated from the FTSE 100 led to a fall in its share price.
Ocado to be grilled on staff pay inequality at upcoming annual meeting April 29, 2024 The board of grocery technology business Ocado will face a question about staff pay inequality at their annual general meeting on Monday.
Ocado continues foray into Japanese market with expanded Aeon partnership July 8, 2024 In May, Ocado held its position as the fastest growing grocer for the third month in a row, as efforts to cut prices continued to pay off.
Ocado appoints ex-BT chief Gavin Patterson to board in push for tech giant status May 9, 2024 Ocado has appointed former BT Group chief executive Gavin Patterson to its board as the online grocery firm looks to build its reputation as a technology heavyweight.
Ocado: Shares in M&S-linked grocer tumble after being labeled ‘underperforming’ July 15, 2024 Shares in M&S-linked grocer Ocado have tumbled after being branded as 'underperforming' only a few weeks after being demoted from the FTSE 100.