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Supermarkets

Ocado losses widen to £500m

EBITDA at Ocado Retail fell to -£4m, compared with £150m in FY21, which the group said reflects a ‘combination of near-term pressures offsetting progress’

Ocado Group has revealed its losses widened to £500m for the 52-week period ended 27 November 2022, as the online grocer said its retail revenues struggled amid the cost of living crisis.

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