Ocado Group Plc has ended exclusive arrangements to supply its automated grocery warehouse technology as investor pressure grows following setbacks to its partnership with Kroger Co. in the US.
Ocado Group Plc will receive a one-time cash payment of $350 million from Kroger Co., more than previously announced, after the U.S. grocer decided to close three automated warehouses and scaled back ...
LONDON (Reuters) -Shares in Ocado, the online supermarket and technology group, fell sharply on Friday after U.S. partner Kroger signalled a potential retreat from investment in automated warehouses.
Ocado share price had another difficult performance this year as woes in its business escalated. OCDO was trading at 240p on ...
(Reuters) -Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January, dealing a heavy blow ...
Ocado Group Plc posted a rare pretax profit helped by the valuation of its grocery delivery joint venture with Marks & Spencer Group Plc. The company reported a statutory profit of £612 million ($820 ...
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