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Ocado to build robotic warehouse for Spain's Bon Preu

British online supermarket and technology firm Ocado has expanded its partnership with Spanish supermarket group Bon Preu with plans to build a robotic warehouse near Barcelona, it said today.

Business • 18 Jun

Ocado shares were down 15% today, taking losses over the last year to 42%

Ocado shares hit by slowdown in warehouse roll-outs

Ocado, the UK online supermarket and technology group, said it was on track to hit its goal of turning cash flow positive in its 2025-26 year, but its shares fell on concerns over a slowdown in the rollout of robotic sites.

Business • 27 Feb

Ocado has reported a lower first half loss and raised its financial guidance for the full year

Ocado narrows first half loss and raises guidance

Britain's Ocado has today lifted its annual guidance, citing an improvement in the profitability of its warehouse technology business, reassuring investors and sending its shares up by 18%.

Business • 16 Jul 24

Ocado has agreed to boost its partnership with Japan's Aeon with plans to build a third robotic warehouse

Ocado extends Aeon deal with plans for robotic warehouse

British online supermarket and technology group Ocado said today it had boosted its partnership with Japan's Aeon with plans to build a third robotic warehouse.

Business • 08 Jul 24

Ocado's shares had surged last month after a report of possible takeover interest from Amazon

Ocado keeps guidance after return to H1 profit

Ocado, the British online supermarket and technology group, kept its financial guidance for the year as it reported a return to underlying profit in its first half.

Business • 18 Jul 23

Ocado is an online supermarket group that has sold its robotic picking technology to retailers around the world

Ocado strikes tech deal with Auchan Poland

Ocado said today it had struck a partnership with Auchan Retail Poland to provide its online delivery and picking technology at an automated centre, and its picking services in its food and non-food stores.

Business • 15 Mar 22

Ocado said its capital expenditure increased by £154.8m to £680.4m last year

Ocado's core earnings weighed down by investment

Ocado Group, the UK online supermarket and technology firm, has today reported a 12.1% fall in annual core earnings, with investment in the business more than offsetting an increase in revenue.

Business • 08 Feb 22

Weekend reports said that investment firm Apollo Global Management has been 'running the rule' over Marks & Spencer

Marks & Spencer shares rise on Apollo report

Shares in Marks & Spencer rose this morning after a report in The Sunday Times said investment firm Apollo Global Management has been "running the rule" over the British clothing and food retailer.

Business • 22 Nov 21

Ocado has reported a 20% rise in retail revenue to £1.2 billion in its UK home market in the 26 weeks to May 30

Ocado wins new customer in Spain as H1 revenues rise

British online grocer and technology group Ocado said it had signed a new agreement with Auchan Retail to use its technology to develop Alcampo's online business in Spain, as the pandemic continues to drive the shift to online grocery buying.

Business • 06 Jul 21

Former Tesco CEO Dave Lewis left the supermarket giant last year

Former Tesco CEO Lewis leaves with £1.6m pay packet

Former Tesco boss Dave Lewis walked away from the supermarket giant with a £1.6m pay packet last year, the group's annual report has revealed.

Business • 18 May 21

Ocado is to invest £10m in autonomous vehicle software company Oxbotica

Ocado invests in autonomous vehicle firm Oxbotica

British online grocer Ocado said today it would invest £10m in autonomous vehicle software company Oxbotica as part of a partnership that aims to reduce the cost of last-mile delivery and other logistics

Business • 16 Apr 21

Ocado has seen sales soar since March as the pandemic has generated huge demand for home delivery of groceries

Availability impacted by Covid-hit suppliers - Ocado

UK online supermarket Ocado has become the first major food retailer to warn that the availability of some products is being impacted by Covid-19 pandemic related staff absences in its supply chain.

Business • 11 Jan 21

Ocado upgrades its full-year core earnings outlook for Ocado Retail Ltd, its joint venture with Marks & Spencer

Ocado to buy two robotics companies for $287m

Ocado, the UK online supermarket and technology group, said today it would buy two robotics companies for a total of $287m.

Business • 02 Nov 20

M&S's joint venture partner Ocado reckons oneline grocery shopping could reach 30% over the next few years

M&S to tap into food delivery boom to halt decline

Marks & Spencer will make the first deliveries through its new online food shopping joint venture in the UK on Tuesday.

Business • 28 Aug 20

Ocado was boosted by the UK being on lockdown for all of its second quarter

Ocado sees retail sales soar 27% during Covid lockdown

Ocado said it was confident that the surge in online grocery shopping due to the coronavirus pandemic will continue as it reported a 27.2% jump in first half retail sales.

Business • 14 Jul 20

Ocado has suspended its retail revenue guidance for 2020 until it could accurately forecast likely outcomes

Online supermarket Ocado's revenue soars 40%

UK online supermarket and technology company Ocado said its retail revenue soared 40.4% year-on-year in its second quarter so far as shoppers in coronavirus lockdowns sought deliveries to avoid venturing out.

Business • 06 May 20

Stuart Rose, Ocado chairman, says people should not panic

Nobody will starve in Covid-19 crisis - Ocado chairman

There is no shortage of food in Britain and nobody will starve during the coronavirus emergency, said the chairman of online supermarket Ocado who believes he himself has been infected.

Business • 26 Mar 20

Ocada said that sales growth in the second quarter of the year was so far twice that in the three months ending March 1

Ocado says coronavirus boosting demand

Online supermarket Ocado has seen growth double in March as the business is overwhelmed by new orders from people staying indoors to avoid the coronavirus pandemic.

Business • 19 Mar 20

Ocado reporting 'exceptionally high demand' for its services

Ocado sees orders leap as coronavirus spreads

Ocado has advised customers to place orders further in advance because of "exceptionally high demand", indicating a possible reaction from shoppers to the spreading coronavirus outbreak.

Business • 02 Mar 20

A fire destroyed Ocado's high-tech flagship warehouse in Andover last year

Ocado counts cost of fire at UK flagship warehouse

UK online supermarket and technology group Ocado today reported a ballooning annual pretax loss and a 27% fall in core earnings.

Business • 11 Feb 20

Ocado Retail's revenue rose 10.8% to £429.1m in its fiscal fourth quarter

Ocado sees sales growth edge lower in latest quarter

British online supermarket Ocado said today that its retail revenue growth slightly slowed in its latest quarter, as it saw growth in weekly orders but it was held back by flat order size.

Business • 12 Dec 19

Ocado Retail's revenue rose 11.4% to £386.3m in its fiscal third quarter

UK's Ocado sees retail sales growth accelerate

UK online supermarket and technology company Ocado has today reported an acceleration in retail sales growth in its latest quarter, helped by additional capacity from its fourth automated warehouse.

Business • 17 Sep 19

Ocado said it had invested £17m in the newly emerging vertical farming industry

Ocado invests £17m in vertical farming

Britain's Ocado is ploughing £17m into the emerging "vertical farming" industry, further diversifying the online grocer and technology group's business.

Business • 10 Jun 19

M&S said its like-for-like sales at its food halls fell 2.3%

Marks & Spencer's annual pre-tax profits drop by 10%

Marks & Spencer today reported a 10% fall in full-year profit, a third decline in a row, showing the pain of its latest attempt at a multi-year turnaround.

Business • 22 May 19

Ocado's Andover distribution centre in England

Ocado says Andover fire was caused by electrical fault

British online grocer Ocado said the huge blaze which destroyed its flagship distribution centre in Andover in England, was caused by an electrical fault in a battery that prompted a robot to catch fire.

Business • 29 Apr 19