M&S signs £750m delivery deal with Ocado
Marks and Spencer has announced the creation of a new joint venture with online supermarket Ocado which the two companies say will “transform online grocery shopping for UK consumers”. Under ...
Companies: Ocado
Asda named ‘worst’ for in-store and online offerings
‘Big Four’ grocer Asda has been rated as the worst supermarket for both its in-store and online offerings, according to a survey of 12,000 Which? members. According to the consumer ...
Ocado warehouse blaze leads to 7% shares drop
A fire which broke out at Ocado’s distribution warehouse in Andover has led to a 7% drop in the company’s shares. An Ocado statement on the London Stock Exchange said ...
Ocado’s 12% sales increase marks ‘good finish to the year’
Online supermarket Ocado has seen a 12% increase in revenue to £390.7m for the 13 weeks to 2 December in its Q4 financial results. This was compared to a revenue ...
Ocado reports £9m half-year loss amid heavy investment
British online supermarket, Ocado, has reported a £9m loss in its half-year financial results amid a period of heavy investment. For the six months ending 3 June 2018 the retailer ...
Ocado enters FTSE 100, M&S narrowly avoids relegation
Ascendant online supermarket delivery service, Ocado, has secured a position in the FTSE 100, while Marks and Spencer narrowly avoided being dropped. Ocado’s share price has roughly trebled over the ...
Ocado signs deal with US supermarket Kroger
Online supermarket Ocado has signed a partnership agreement with US grocer Kroger which will see Ocado's technology used exclusively by the American company for grocery and other food distribution related ...
Ocado announces partnership with Swedish retailer ICA
Online supermarket Ocado has announced a partnership with Swedish grocery retailer ICA to allow use of Ocado’s smart platform services. The announcement saw shares in the online supermarket raise by ...
Ocado revenue hit by adverse weather conditions
Online grocer Ocado has reported its sales were “impacted by adverse weather conditions” ensuing from the ‘Beast from the East’ early this month, and that profits have also taken a ...
Ocado tests robotic assistant for use in its warehouses
Online home delivery supermarket Ocado has revealed the first prototype of a robot to assist staff in its warehouses. The project, dubbed ‘SecondHands’, is designed to maintenance technicians working in ...
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Microsoft reports Q4 revenues of £26bn despite gaming slump
Microsoft has revealed its total revenues for the fourth quarter jumped 12% to $33.7bn (£26.7bn), despite struggles at its...
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