Ocado sales surge on new M&S deal amid online shopping shift October 13, 2020 Ocado added thousands of new customers following the launch of its partnership with Marks & Spencer amid a sustained rise in the number of consumers choosing to shop online. In the 12 weeks to 4 October, Ocado increased sales by 41.9 per cent as the ecommerce retailer was buoyed by its new deal with M&S [...]
Ocado sued by Norwegian tech firm over alleged patent infringement October 1, 2020 Shares in online supermarket Ocado dipped this afternoon after Norwegian tech firm Autostore announced it is suing the firm for alleged patent infringement. Ocado’s share price fell more than five per cent after Autostore said it had filed lawsuits in the UK and the US to prevent the FTSE 100 firm using retail storage and [...]
Waitrose launches Deliveroo trial as Ocado partnership ends August 28, 2020 Waitrose has launched a partnership with Deliveroo as its deal with online supermarket Ocado comes to an end. The grocer said that more than 500 products will be available to order through Deliveroo as part of an initial 12 week trial. Customers will be able to order from stores in Bracknell and Clifton from Tuesday, [...]
Ocado finance chief steps down due to ‘family circumstances’ August 27, 2020 Ocado’s finance chief will step down after eight years with the online supermarket, citing family circumstances as the reason for his departure. Duncan Tatton-Brown, who was appointed as Ocado’s chief financial officer in 2012, will leave the role in November, but will continue as a non-executive director. Tatton-Brown said family circumstances meant that it is [...]
Ocado lists M&S products ahead of delivery partnership launch August 5, 2020 Marks & Spencer has begun listing products on the Ocado website ahead of their delivery partnership, which is scheduled to begin next month. The supermarket has added more than 750 new products, which will be available to buy through the Ocado website from 1 September. However M&S warned customers that it may not be possible [...]
Ocado shares slide on plans to raise £1bn amid coronavirus online boom June 11, 2020 Ocado shares fell this morning after the announcement that it plans to raise £1bn to help it capitalise on the online grocery market boom triggered by the coronavirus crisis. The British online supermarket and technology group said yesterday that it would raise about £657m through an equity placing and retail offer, and about £350m through [...]
Ocado investor Royal London to oppose executive pay report May 5, 2020 Ocado investor Royal London is preparing to vote against the online supermarket’s executive pay report at its annual meeting tomorrow, branding boss Tim Steiner’s £58.7m payout “excessive”. Steiner’s remuneration package included a £54.1m Growth Incentive Plan award, linked to the company’s share price growth between 2014 and 2019. The scheme paid out £87.5m to Ocado [...]
Ocado orders coronavirus testing kits for staff March 30, 2020 Ocado has purchased coronavirus testing kits for its frontline workers, who will also receive a 10 per cent bonus during the pandemic. Employees working on the frontline of the food delivery operation, such as drivers, personal shoppers, drivers, engineers, and site managers will get a bonus on all hours worked from 23 March. The online [...]
Ocado sales double as demand soars amid coronavirus panic March 19, 2020 Online supermarket Ocado has reported a jump in sales as demand for home delivery soars amid the coronavirus crisis. Ocado said sales had doubled in the second quarter compared to the previous period as shoppers made bigger and more frequent orders as they stockpiled goods. The grocer was forced to close its website and app [...]
Ocado falls to £215m loss after Andover warehouse fire February 11, 2020 Online supermarket Ocado fell to a £214.5m loss last year, which the company blamed on a huge fire which burned down one of its warehouses in Andover last February. The figures Group revenue rose 9.9 per cent in the year, up from £1.6bn in 2018 to £1.8bn this year. This was largely driven by 10.3 [...]