Ocado Raises Refinancing Target to £700m Amid Strong Demand
Ocado, the grocery technology giant, has increased its funding target to £700m due to strong demand. The company initially...
Ocado
Ocado Raises £600m in Bonds to Extend Debt Maturity and Fund Tender Offer
In a recent announcement on the London Stock Exchange, Ocado has raised £600 million in bonds due for repayment...
Ocado CEO Committed to Retaining Stake in M&S JV Despite Performance Concerns
Ocado CEO Tim Steiner announces plans to retain the company's stake in Ocado Retail, its joint venture with Marks...
Supermarkets’ Market Share Fluctuations: Asda, Morrisons, and Aldi Struggle Amid Summer Events
Asda and Morrisons' market shares decline as shoppers spend on groceries during this year's "summer of sport." Asda dropped...
Hot Weather and Euros Fuel Grocery Sales Growth
UK supermarkets see a 3.6% increase in sales in the last four weeks due to hot summer weather and...
Ocado Strengthens Kroger Alliance with Advanced Automation Solutions
Ocado Group strengthens partnership with Kroger by introducing advanced automated technologies in US retailer's customer fulfilment centers. Kroger orders...
Waitrose Market Share Grows Amid Investments in Food Range
Waitrose sees a 0.1 percentage point increase in market share for the first time since 2022, thanks to investments...
Ocado Reports Narrower Losses and Strong Growth in HY Results
Ocado's losses narrowed to £154 million for the half year ended June 2024, down from £290 million last year....
Ocado and Aeon Expand Partnership with Third CFC in Japan
Ocado announces plans for a third Customer Fulfilment Centre in Japan, expanding its partnership with Aeon. The new facility...
Ocado and Aeon Expand Partnership with Third Customer Fulfilment Centre in Japan
In a significant expansion move, Ocado and Japanese retailer Aeon are launching their third customer fulfilment center in Japan,...