Ocado: Thousands of orders cancelled as robots cause fire July 19, 2021 A fire at an Ocado fulfillment centre in south-east London on Friday has caused the online grocer to cancel thousands of orders. The blaze occurred when three of the robots that help pick groceries collided at the Erith site. About 800 staff members had to be evacuated and firefighters worked through the night to stop [...]
Ocado fears disruption after south London warehouse fire July 19, 2021 Ocado fears disruption this week after a major fire at a south east London warehouse. Several dozen firefighters were called to the company’s depot in Erith on Friday afternoon after a robot collision resulted in the conflagration. The Erith site handles up to 150,000 orders a week. Ocado was forced to cancel a host of [...]
US stocks muted as Powell moves to temper inflation fears July 14, 2021 US stocks were broadly flat on Wednesday morning after Fed Chair Jay Powell suggested that inflation could run hot in the coming months. The blue-chip S&P 500 edged up 0.08 per cent, while the Dow Jones added 0.01 per cent. The tech-heavy Nasdaq gained 0.02 per cent during the morning session. Read more: Powell: US [...]
FTSE opens up but investors keep watching brief on US inflation July 13, 2021 The FTSE 100 opened up this morning as investors indulged in a little optimism ahead of US inflation figures due out this afternoon. Global equities have had a good run over recent days with Wall St hitting record highs last night. The flagship FTSE 100 stood at 7,144 after an hour of trading, up 0.26 [...]
FTSE 100 sees fall brought on by mining and energy stocks July 12, 2021 London’s FTSE 100 fell on Monday brought on by energy and mining stocks on lower commodity prices, however gains by British company Admiral helped cut some of the losses. The motor insurer jumped 3.49 per cent to the top of the FTSE 100 after it announced that it expected a first-half profit owing to fewer [...]
Ocado deploys lorry drivers to help with national shortage as more names ask government for help July 7, 2021 Ocado has had to deploy some of its own lorry drivers to help its suppliers get stock to its warehouses amid a national shortage of lorry drivers. CEO Tim Steiner told trade magazine The Grocer that Ocado itself was handling the ongoing driver shortage well, but that some of its suppliers were struggling. “We are [...]
Ocado partners with major Spanish grocer as revenue leaps July 6, 2021 Revenue at supermarket Ocado is up significantly on the same period last year, as the online model proved resilient in the face of Covid-19 restrictions. Revenue for the business stood at £1.3bn for the first half of 2021, up 24.4 per cent on H1 2020. Group EBITDA more than tripled to £61m, despite increased [...]
Easing of lockdown restrictions expected to slow growth at online retailer Ocado July 2, 2021 The easing of lockdown restrictions is expected to have slowed down soaring retail sales growth at Ocado as the online retailer unveils it latest trading performance next week. It was among UK grocery firms to see sales spark amid strong demand for home deliveries after the Government enforced lockdown restrictions and forced hospitality operators to [...]
Ocado settles espionage spat with its founder Jonathan Faiman after ‘significant payment’ June 25, 2021 Ocado said today it has settled a legal dispute with its co-founder and a former employee after accusations they secured confidential documents from the online retail firm while they set up a competitor. Ocado Group said Jonathan Faiman, who co-founded the business and exited in 2008, and Jon Hillary, one of its longest-serving employees before [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]