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26.02.26 - 10:12
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Ocado to cut 1,000 jobs in £150m cost-saving drive (The Guardian)
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Major restructure by retail technology business will lead to reduction of about 5% of global workforceBusiness live – latest updatesOcado is to cut 1,000 jobs as the retail technology business attempts to slash costs by £150m in a major restructure.The group confirmed about 5% of its global workforce is being cut, with about two-thirds of the job losses affecting its UK operations. Continue reading......
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22.02.26 - 08:48
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Warning: the Ocado share price could go bananas on 26 February (Fool)
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Harvey Jones says it's going to be a big week for the Ocado share price, with the firm publishing results on Thursday. Frankly, anything could happen.
The post Warning: the Ocado share price could go bananas on 26 February appeared first on The Motley Fool UK....
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29.01.26 - 12:36
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Ocado says Canadian partner closing robotic warehouse in latest setback (The Guardian)
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Shares in Ocado fall almost 10% after revealing Sobeys will close Calgary site that uses UK group's delivery technology• Business live – latest updatesOcado has revealed its Canadian partner is closing a warehouse that uses its robots and automation technology in another blow to the UK online delivery group's business model.Shares in Ocado dived almost 10% on Thursday after it announced that Sobeys would be shutting the Calgary facility, saying it was “largely due to the Alberta grocery e-commerce market's size and the rate of expansion being slower than originally anticipated”. Continue reading......
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