Ocado profits double in the last six months as pandemic pushes families online to get their groceries By Tom Witherow For The Daily Mail Published: 23:27 BST, 14 July 2020 | Updated: 23:27 BST, 14 July 2020 Ocado raked in half-year sales of £1billion for the first time ever as founder Tim Steiner declared ‘the … Read more
Ocado taps investors for £1bn to add firepower amid boom in demand during the virus crisis By Matt Oliver For The Daily Mail Published: 21:50 BST, 10 June 2020 | Updated: 21:50 BST, 10 June 2020 Online supermarket Ocado last night launched a £1billion fundraising. The company said it planned to raise £657million through a … Read more
M&S boss warns staff on Ocado deal: ‘We need to get it right for customers from launch’ By Neil Craven for The Mail on Sunday Published: 22:31 BST, 23 May 2020 | Updated: 22:31 BST, 23 May 2020 The executive at the centre of Marks & Spencer’s biggest strategic gamble for decades has written to … Read more
Ocado U-turn over school’s pollution fear: Online grocer pledges to use electric delivery vans from new London depot By Ben Atkinson For The Daily Mail Published: 21:50 BST, 24 January 2020 | Updated: 21:50 BST, 24 January 2020 Ocado has backed down in a row over plans to open a major distribution hub next to … Read more
Your country needs YOU – to pick fruit and veg: Ocado boss calls for 70,000-strong ‘Land Army’ to stop food rotting in fields By Daily Mail City & Finance Reporter Published: 21:51 BST, 15 May 2020 | Updated: 21:51 BST, 15 May 2020 Hundreds of thousands of tons of ‘wonderful British produce’ will be left … Read more
Online grocer Ocado now worth more than Sainsbury’s, Morrisons and Marks & Spencer combined after lockdown boost The company’s market value has rocketed 46 per cent this year to £13.1bn By Daily Mail City & Finance Reporter Published: 21:51 BST, 8 May 2020 | Updated: 09:34 BST, 9 May 2020 Ocado is worth more than … Read more
The recent boom in online grocery sales will bring long-term gains for Ocado, Berenberg analysts believe. Ocado has been one of the few winners on the stock market during the recent rout – with shares up 50 per cent so far this year – as shoppers shunned stores and turned to deliveries amid the coronavirus … Read more
Ocado rocked by fat cat pay backlash: 30 per cent of investors shun £58m deal for online grocer’s boss Tim Steiner By Tom Witherow For The Daily Mail Published: 21:51 BST, 6 May 2020 | Updated: 21:51 BST, 6 May 2020 Shareholders gave Ocado a bloody nose in a revolt against boardroom excess after chief … Read more
Online supermarket Ocado has seen its revenue surge over 40 per cent this quarter, as locked-down Britons get their shopping delivered to their doors. The grocer said its decision to stop people ordering bottled mineral water helped it complete 6,000 extra orders a week. Across all its operations and partnerships, Ocado claimed it was enabling … Read more
Ocado faces shareholder revolt over fat cat pay with chairman questioned over his independence By Tom Witherow For The Daily Mail Published: 22:54 BST, 5 May 2020 | Updated: 23:40 BST, 5 May 2020 Ocado is facing a shareholder revolt today over ‘excessive’ pay as its chairman is questioned over his independence. The online grocer … Read more