Ocado could soon sell groceries outside of the UK
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Ocado could soon sell groceries outside of the UK for the first time in its history as the pandemic has left a number of markets “attractive for someone to enter…
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Ocado boss brushes off Amazon Fresh competition as “very, very small”
Ocado’s boss Tim Steiner has denounced Amazon as a “very, very small player” in the UK grocery market as he brushed aside concerns it could majorly disrupt the sector.
Yesterday…
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Ocado Retail sees revenues rocket 40% thanks to “permanent shift to online grocery”
Ocado Retail saw revenues jump nearly 40 per cent during its latest quarter as its focus on expanding capacity and rapid grocery delivery services continued to bear fruit.
Ocado’s retail…
Read MoreOcado begins stockpiling long-life products as no-deal Brexit becomes “strong possibility”
Ocado has become the latest UK supermarket to begin stockpiling long-life products as a no-deal Brexit becomes increasingly likely.
The online grocery giant’s chief executive Tim Steiner warned that “you…
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Ocado apologises after it was forced to cancel orders on first day of M&S tie-up
Ocado has apologised to shoppers who were left empty handed after a “surge in demand” meant it had no choice but to cancel orders.
Ocado was forced to cancel orders…
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Ocado posts £40.6m loss despite huge spike in sales during lockdown
Ocado’s share price has crashed 2.6 per cent in morning trading after its group profits dropped by 36 per cent despite seeing a huge boost in sales during lockdown.
The…
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Ocado shareholders revolt against CEO’s £54m bonus
Ocado’s shareholders yesterday revolted against “excessive” pay rises for its executives, including a £54 million bonus for its chief executive.
The online grocer’s shareholders expressed their opposition to an £88…
Read MoreOcado sees revenues nearly quadruple in Q2 as it delivers “more groceries than ever before”
Ocado has seen its retail revenues grow 40.4 per cent in its second quarter as the coronavirus pandemic sees it deliver “significantly more groceries to households than ever before”.
The…
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£59m payout for Ocado’s boss Tim Steiner despite company’s £214m loss
Ocado’s chief executive Tim Steiner is set to receive a near £60 million bonus despite his company reporting posting a whopping £214 million loss last year.
Steiner and another four…
Read MoreOcado posts £214m loss as it invests in first “state-of-the-art robotic facilities” overseas
Ocado revealed a £214 million loss over its last year coming well above analyst expectations thanks to heavy investments in robotic warehouses overseas.
The online grocery giant posted a pre-tax…
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As the pandemic set in across the country, restrictions brought a temporary pause to the traditional methods of shopping for groceries.
With demand for online delivery skyrocketing overnight, huge…