Ocado to cut 1,000 jobs in cost saving drive Ocado, the British technology and online grocery group, plans to cut about 1,000 jobs as it targets savings of £150m in technology and support costs, its boss said today. Business • 26 Feb
Ocado to cut 1,000 jobs in cost saving drive Ocado, the British technology and online grocery group, plans to cut about 1,000 jobs as it targets savings of £150m in technology and support costs, its boss said today. Business • 26 Feb
Ocado ends exclusivity with foreign retailers Ocado said the exclusivity of its agreements to provide retailers including US grocery chain Kroger with pickup and dispatch technology has ended in most markets as previously signalled, allowing it to sign on more partners. Business • 30 Dec 25
Ocado ends exclusivity with foreign retailers Ocado said the exclusivity of its agreements to provide retailers including US grocery chain Kroger with pickup and dispatch technology has ended in most markets as previously signalled, allowing it to sign on more partners. Business • 30 Dec 25
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 25
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 25
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 25
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 25
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 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 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 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 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 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 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 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'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
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
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
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 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
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 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
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 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 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
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
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 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
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 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
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 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 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
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
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
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
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
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 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 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
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
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 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 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 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
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
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 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
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
