Ocado losses widen to £211m

Group revenue fell 4% to £1.3bn, while retail revenue fell 8% to £1.1bn

Ocado has revealed an interim loss before tax of -£211m, for the 26 weeks ending on 29 May, which it said “reflects increased depreciation and amortisation costs with the ongoing roll out of OSP, and reduced exceptional insurance income received in the period, compared with the prior year”.

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