Ocado to raise £575 million for tech arm growth
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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…
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Crypto crash: What does this mean for the industry and retail adoption?
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…
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Tesco, Sainsbury’s, Morrisons and Co-op use VR to test new environmental labelling
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…
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Ocado growth slows to ‘single digits’ as cost of living crisis intensifies
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…
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Ocado directors purchase cut-price shares
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…
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Ocado to purchase robotics start-up Myrmex for £8.1m
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…
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Ocado AGM: 30% of shareholders voted against £100m bonus plan for bosses
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 –…
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Ocado expands ‘Zoom’ rapid grocery delivery service with new depot
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…
Read MoreFive retail technologies that will shape the sector in 2022
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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UK technology ecosystem reaches $1 trillion valuation
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…
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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…