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OCDDY / Ocado to slow overseas openings but launch automation arm for non-grocery clients this year

Ocado Group PLC (LSE:OCDO) management revealed that after opening nine robot-run warehouses – or customer fulfilment centres (CFCs) as it calls them – last year, it expects this to slow to five additions in 2023, with broadly similar numbers in the next few years. The fact that 23 CFCs are now open, with more outside the UK than inside, was one of “lots of interesting operational details” the FTSE 100-listed company shared with analysts after its results this week, said Barclays, with plenty of the sort of details that get Ocado investors salivating. Read More

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OCDDY

Posted: Mar 1 2023, 11:22

Author Name: Proactive Investors

OCDDY News

By Proactive Investors
October 4, 2023

Ocado launches fresh round of price cuts

Ocado Retail, the joint venture between its namesake parent company and Marks and Spencer Group PLC (LSE:MKS), has announced a new wave of price cuts

By Proactive Investors
September 19, 2023

Ocado and M&S online joint venture accelerates quarterly growth, expects profitable year

Ocado Group PLC (LSE:OCDO) reported an acceleration in growth from its UK retail joint venture with Marks and Spencer Group PLC (LSE:MKS) in the third

By Proactive Investors
September 18, 2023

Day Ahead: Ocado, Kingfisher and McBride to highlight consumer mood

Marks and Spencer investors will be paying attention to Tuesday's report on Ocado Retail, the joint venture with Ocado Group PLC (LSE:OCDO), which br

By Proactive Investors
September 15, 2023

Ocado Retail: can profits for M&S online partnership persist?

Ocado Group PLC's (LSE:OCDO) retail profit margins are expected to be under pressure when it updates on third-quarter performance on Tuesday, 19 Sep

By Proactive Investors
September 6, 2023

Ocado slashes organic food prices, waging war in battle of the supermarkets

Ocado Group PLC (LSE:OCDO) will cut the price of organic vegetables and household essentials in its latest bid to attract new customers. The groce

By Proactive Investors
August 21, 2023

Ocado-backed robotic start-up sold for knock-down price

Karakuri, the robotic noodle food serving startup backed by Ocado, has seen a chunk of its assets sold for just £350,000 in a pre-pack administration

By Proactive Investors
July 27, 2023

Ocado shares drop 10% after tech division boss steps down

Ocado Group PLC (LSE:OCDO) shares crumpled 10% to 863.8p in early trading after the head of its tech arm stepped down. Luke Jensen, chief executive o

By Invezz
July 26, 2023

Mea Culpa: I was wrong about the Ocado share price

Ocado (LON: OCDO) share price has gone through a major short squeeze in the past few months. It surged to 960.40p on Thursday, the highest level since

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