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
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
MARKET REPORT: Online grocery sales boom will bring long-term gains for Ocado, say analysts, after its shares rise 50% this year By Francesca Washtell For The Daily Mail Published: 22:16 BST, 11 May 2020 | Updated: 08:36 BST, 12 May 2020 The recent boom in online grocery sales will bring long-term gains for Ocado, Berenberg … 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
M&S launches home-delivery service from 142 UK stores on Deliveroo today – before its £750m Ocado deal is due to begin in September M&S have made more than 130 food and household items available on Deliveroo There is a £4.99 delivery charge but all other costs remain the same as in store M&S will also … Read more
Ocado accused of ‘profiteering’ from the coronavirus crisis by hiking prices and axing discounts as demand for deliveries soars By Hugo Duncan and Tom Witherow For The Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Ocado has been accused of ‘profiteering’ from the coronavirus crisis by axing discounts … Read more