Ocado is planning to raise £575 million ($704.2 million) through a placing of new shares to help fund the growth of its tech arm.
The online supermarket and technology group…
Yesterday Bitcoin tumbled to its lowest value since December 2020 after booming levels of inflation spooked crypto-investors.
As the world’s largest digital currency, there is naturally a knock-on effect on…
Leading UK grocers Tesco, Sainsbury’s, Morrisons and Co-op are using virtual reality (VR) to trial environmental labels in order to help the grocery sector move towards a harmonised scheme.
The…
Ocado Retail has warned its joint venture with Marks & Spencer will see sales and profits in ‘single digits’ due to ongoing pressure on customer spending.
The online grocer said…
Ocado directors have recently taken the opportunity to purchase cut-price shares, increasing their personal stakes in the retail tech firm. Non-executive chair Rick Haythornthwaite bought £100,000-worth of shares, while Ocado…
Ocado is purchasing materials handling robotics start-up Myrmex Inc for £8.1m ($10.2m), it announced on Monday. The online supermarket acquired a minority stake in Athens-based Myrmex in 2020 and assigned…
Ocado bosses faced opposition from almost a third of shareholders at the grocery tech giant‘s AGM yesterday, when voting to extend a controversial £100m bonus plan.
The incentive scheme –…
Ocado is expanding its ‘Zoom by Ocado’ one-hour delivery service by opening a new distribution depot in Newham, East London.
The Newham opening is part of a planned wider rollout…
Retail is changing, rapidly. Charged takes a closer look at the five retail technologies that will change the sector this year.
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Click here to sign up to Charged free…
The UK’s technology industry has become the third in the world ever to reach a $1 trillion valuation.
The digital economy is worth more than double than that of Germany’s…
Are we really close to sentient AI? According to one Google engineer we may already be there. Earlier in June, Blake Lemoine was asked to go on leave after announcing…
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