Ocado
Ocado shareholders rebel against CEO’s £2m pay
Almost a third of Ocado shareholders voted against CEO Tim Steiner’s £2 million remuneration package at its AGM yesterday. Steiner was paid a £755,000 salary for the year and an…
Read MoreOcado to close warehouse, putting 2,300 jobs at risk
Ocado has revealed plans to shut down its oldest distribution centre as it focuses on robotic warehouses. The move is expected to impact 2,300 roles. Ocado will be ceasing operations…
Read MoreOcado appoints Pepco CFO as new chief financial officer
Ocado has announced the appointment of new chief financial officer, Mat Ankers, who will oversee the group’s finance, operations, IT and insights. Ankers brings years of expertise, working at retailers…
Read MoreOcado wins “robot wars” against AutoStore in UK’s High Court
Ocado has comprehensively won the patent infringement suit brought by Norwegian robotics firm AutoStore, UK High Court has announced. Judge Hacon ruled that the asserted against Ocado patents were invalid…
Read MoreOcado CEO: Kroger remains committed to building more automated warehouses
US retail giant Kroger is dedicated to expanding the number of its automated warehouses in partnership with Ocado as it remains “extremely positive” about the relationship. Ocado struck a deal…
Read MoreOcado sales jump 3.4% despite shoppers buying less
Online-only grocer Ocado Retail has reported being “on track to restore sales momentum” as its sales rise to £583.7m in the first quarter despite shoppers buying less.
The company, which…
Read MoreOcado becomes most-shorted stock in London
Ocado has been targeted by short sellers after it reported a £501m loss last month, with over 6% of stock currently out on loan to hedge funds, which will make…
Read MoreOcado becomes first grocer to give direct access to customer behaviour data
Ocado has become the first grocer in the UK to allow marketers to give direct access to its customer behaviour data. All data supplied is consented, the grocery retailer said.…
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