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OCDGF / Ocado PLC says new bots can slash labour costs by 40%

Ocado Group PLC (LSE:OCDO) gave customers and investors a glimpse into its future today, with updated robotics and hi-tech van routing systems to play a key part. Speaking in a presentation today, chief executive Tim Steiner unveiled several new innovations that would allow the company to reduce costs and improve customer delivery times. Read More

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Posted: Jan 26 2022, 11:06

Author Name: Proactive Investors

OCDGF News

By Proactive Investors
May 31, 2023

Ocado tipped to survive FTSE100 rejig despite five year low

Grocery delivery service Ocado appears to have escaped the drop to the FTSE 250 with property group British Land now heading down a division. That's t

By Proactive Investors
April 28, 2023

Ocado may still need a capital raise - broker

Ocado Group PLC (LSE:OCDO) is still at risk of needing more capital, according to analysts at Royal Bank of Canada (TSX:RY), which repeated an ‘unde

By Seeking Alpha
April 26, 2023

Ocado Group: CFC Closure Not As Bad, But Impact To Valuation Unknown

Ocado Group: CFC Closure Not As Bad, But Impact To Valuation Unknown.

By Proactive Investors
April 25, 2023

Ocado plans to close oldest robot warehouse, putting up to 2,300 jobs at risk

Ocado Retail plans to close its oldest robot-run warehouse, which currently carries out around 20% of weekly orders from its website. Talks have begun

By Proactive Investors
March 31, 2023

Ocado's shares rise after latest legal win over AutoStore

Shares in Ocado Group PLC rose 2% on Friday after it said it had "comprehensively won" the patent infringement suit brought by AutoStore. The UK High

By Invezz
March 31, 2023

Ocado share price is rebounding: Is it safe to buy the rally?

Ocado (LON: OCDO) share price made a comeback this week after the company published a strong trading statement. The stock jumped to 529p on Thursday,

By Market Watch
March 28, 2023

Ocado reports higher revenue, guidance unchanged

Ocado Group PLC said Tuesday that first-quarter sales of Ocado Retail Group, the joint venture it co-owns with Marks & Spencer Group PLC, rose and tha

By Proactive Investors
March 28, 2023

Ocado Retail holds guidance after modest rise in quarter one revenue

Ocado Retail Ltd reported modest growth in quarter one revenue as increased prices offset the amount shoppers were putting in their baskets. The joint

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