Tag: $Ocado Group

Shares in Ocado (OCDO.L), the online supermarket and technology group, fell sharply on Friday after U.S. partner Kroger (KR.N), signalled a potential retreat from investment in automated warehouses.

Ocado Group said revenue from Ocado Retail its joint venture co-owned with Marks & Spencer Group grew sharply, driven by improved volumes and a record Christmas performance.

Ocado Group Plc shares tumbled after its Canadian partner temporarily halted the planned launch of an automated warehouse in Vancouver run by the British online grocery company.

Shares of British online grocer Ocado Groupsoared Thursday after The Times newspaper reported “speculation of bid interest from more than one American suitor.”