Mar 19, 2019 | News, Retailing
Ocado Group plc has announced its trading statement for the 13 weeks to 3rd March 2019, highlighting that it has grown 11.2% in revenue, despite the impact of a major fire at Andover in February. Ocado explains the growth in revenue of 11.2% was impacted by the...
Mar 5, 2019 | Brexit, Food Equipment & Services, News, Retailing
As Brexit uncertainty intensifies, the latest grocery market share figures, published from Kantar Worldpanel, shows year-on-year supermarket sales growth of 1.9% during the 12 weeks to 24th February 2019. Overall, grocery volumes rose by 1.2% in the 4 weeks which is...
Feb 27, 2019 | Food Equipment & Services, News, Retailing
Following press and media speculation, Marks and Spencer Group Plc (M&S) has announced the creation of a 50/50 joint venture with Ocado Group Plc (Ocado) and states it ‘will transform online grocery shopping for UK consumers’. As suggested by FMT yesterday in our...
Feb 26, 2019 | News, Retailing
Marks and Spencer Group PLC has confirmed that it is in discussions with Ocado Group plc regarding a joint venture in the UK retail market, believed to have a potential value of £1.8bn. Shares in both companies jumped following the news, which would give M&S a...
Feb 5, 2019 | News, Retailing
Ocado has reported significant losses of £44.4m for the year ending 2nd December 2018, despite sales rising by 12.3%. The online food retailer has recorded a pre-tax loss of £44.4m, compared with only £9.8m over the previous 12 months. However, the business also...
