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 [...]
FTSE 100 reshuffle: Ocado and St James’s Place out, and one surprising new entrant June 6, 2024 The FTSE 100 index has lost some well-known names but gained one unexpected addition.
Ocado faces investor calls to abandon London listing for New York April 21, 2024 Ocado has reportedly discussed with investors the possibility of moving its listing from London to New York in what would be yet another major blow to the capital's beleaguered bourse.
Ocado cements Coles partnership as Australian fulfilment centres open August 27, 2024 Online grocer Ocado has announced that its two fulfilment centres in Australia commenced operations in July after a year of delays. The centres, which will serve communities in Melbourne and Sydney via Ocado’s Smart Platform, were opened in partnership with Australian online grocer Coles. The partnership was signed in 2019 and has been subject to [...]
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 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 [...]
What is going on with Ocado’s share price? November 20, 2023 Ocado has found itself in the spotlight for a host of reasons this year including a rumoured takeover from Amazon and a tiff with M&S.
Ocado Solutions: Grocery giant’s tech solutions division chief is retiring July 27, 2023 The chief of Ocado’s technology solutions division will retire in September, leaving a new man at the top of the occasionally embattled firm’s most vital division. Luke Jensen will quit the role of executive director and CEO of Ocado Solutions, with John Martin, currently a non-executive director, made the new chief executive. This comes as [...]
Ex Ted Baker boss joins Ocado as Amazon takeover rumours swirl June 27, 2023 The former boss of British fashion brand Ted Baker will join Ocado as rumours swirl about a possible takeover bid. Rachel Osborne stepped down from her role as head of the British fashion brand earlier this month, with a number of other senior board members after Ted Baker was acquired by Authentic Brands for £211m [...]
Ocado: Marks and Spencer-linked grocer is fastest-growing for third straight month May 21, 2024 Ocado has maintained its position as the fastest growing supermarket for the third month in a row, as efforts to cut prices continue to pay off.