Edition:
United Kingdom

Ocado Group PLC (OCDO.L)

OCDO.L on London Stock Exchange

1,344.00GBp
18 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Kroger And Ocado Name Georgia Location Of High-Tech Customer Fulfillment Center
Thursday, 11 Jul 2019 

July 11 (Reuters) - Kroger Co ::KROGER AND OCADO NAME GEORGIA LOCATION OF HIGH-TECH CUSTOMER FULFILLMENT CENTER.KROGER - PLANS FOR A NEW HIGH-TECH CUSTOMER FULFILLMENT CENTER (CFC) IN FOREST PARK, GEORGIA, A $55 MILLION INVESTMENT.KROGER - CFC TO BE OPERATIONAL IN 2021.KROGER - FULFILLMENT CENTER IN FOREST PARK, GEORGIA, WILL CREATE MORE THAN 400 NEW JOBS.  Full Article

M&S chairman tells AGM: ambition is to double size of food business
Tuesday, 9 Jul 2019 

July 9 (Reuters) - M&S ::CHAIRMAN TELLS ANNUAL SHAREHOLDERS' MEETING: M&S AMBITION IS TO DOUBLE THE SIZE OF ITS FOOD BUSINESS.CEO TELLS ANNUAL SHAREHOLDERS' MEETING: HE UNDERSTANDS INVESTORS ARE CONCERNED ABOUT M&S' SHARE PRICE.CEO SAYS CLOTHING AVAILABILITY WILL BE BETTER IN AUTUMN 2019 AFTER PROBLEMS IN LAST FINANCIAL YEAR.CEO SAYS WILL HAVE 12PM CUT OFF FOR WEBSITE ORDERS FOR NEXT DAY DELIVERY BY CHRISTMAS 2019.  Full Article

Ocado has capacity to sign more deals today - CEO
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Ocado ::SHARES UP 1% AFTER ISSUES CONFIDENT OUTLOOK WITH H1 RESULTS.CEO SAYS "VERY PLEASED" WITH FIRST HALF PERFORMANCE "EXCITED ABOUT THE FUTURE".CFO SAYS ALL LOSSES DUE TO ANDOVER FIRE WILL BE COVERED BY INSURANCE OVER TIME.CFO SAYS HAPPY WITH CURRENT MARKET EXPECTATIONS FOR FULL YEAR.CEO SAYS CHOSE PURFLEET, SOUTH EAST ENGLAND, FOR CFC 5 AS WELL POSITIONED TO SERVE CUSTOMERS NORTH OF LONDON.CEO SAYS ROBOT PICKING TRIAL CONTINUING AT ERITH CFC, TO GO LIVE SOON.CEO SAYS WE HAVE THE CAPACITY TO SIGN MORE DEALS IN MORE COUNTRIES TODAY.  Full Article

Ocado Selects Montreal As Location For New Customer Fulfilment Centre
Thursday, 9 May 2019 

May 9 (Reuters) - Ocado Group PLC ::OCADO - MONTREAL ANNOUNCED AS THE LOCATION FOR NEW CUSTOMER FULFILMENT CENTRE.OCADO - AGREEMENT BETWEEN OCADO SOLUTIONS AND SOBEYS TO BUILD A SECOND CUSTOMER FULFILMENT CENTRE IN POINTE-CLAIRE, MONTREAL.  Full Article

Morrisons/Ocado deal changes "a win win" - Morrisons CEO
Thursday, 9 May 2019 

May 9 (Reuters) - Morrisons ::CFO SAYS NOT GUIDING ON COST SAVINGS FROM CHANGES TO OCADO <<>> DEAL.CEO SAYS CHANGES TO OCADO <<>> DEAL "A WIN WIN" FOR BOTH COMPANIES.  Full Article

Ocado Says Cause Of Fire At Andover Site Was Electrical Fault In Battery Charging Unit
Monday, 29 Apr 2019 

April 29 (Reuters) - Ocado Group PLC ::OCADO - CAUSE OF FIRE AT ANDOVER SITE WAS ELECTRICAL FAULT IN A BATTERY CHARGING UNIT CAUSING PLASTIC LID ON GROCERY CARRYING ROBOT TO CATCH ALIGHT.OCADO - UNDERTAKEN REMEDIAL ACTIONS INCLUDING INTRODUCTION OF ADDITIONAL LOCALISED SMOKE DETECTORS AND REMOVAL OF PLASTIC LID ON BOTS.OCADO SAYS LID ON BOTS SERVES "NO PRACTICAL PURPOSE" AND ITS REMOVAL HAS NOT IMPACTED EFFICIENCY OF BOTS IN ANY WAY - CIRCULAR.OCADO - INTENDS TO ADD HEAT SENSORS IN AMBIENT PRODUCT STORAGE GRID WHICH ARE IN ADDITION TO EXISTING SENSORS IN CHILLED STORAGE GRID.  Full Article

Ocado Group Says John Martin, Claudia Arney To Join Board
Thursday, 28 Mar 2019 

March 28 (Reuters) - Ocado Group PLC ::DIRECTORATE CHANGE.JOHN MARTIN AND CLAUDIA ARNEY WILL JOIN BOARD WITH EFFECT FROM 1 JUNE 2019 AND 1 SEPTEMBER 2019 RESPECTIVELY.CLAUDIA ARNEY HAS BEEN APPOINTED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 SEPTEMBER 2019.JOHN MARTIN, GROUP CHIEF EXECUTIVE OF FERGUSON PLC, HAS BEEN APPOINTED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 JUNE 2019..  Full Article

Ocado says Coles deal helpful in addressing questions about Andover fire
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Ocado ::CFO SAYS DEAL WITH AUSTRALIA'S COLES GROUP <<>> "HELPFUL" IN ANSWERING QUESTIONS ABOUT IMPACT OF ANDOVER FIRE ON FIRM'S MODEL.SAYS HEADROOM TO BUILD MORE CFCS IN DEAL WITH AUSTRALIA'S COLES GROUP <<>> THAN 2 ANNOUNCED.  Full Article

Coles Group Enters Exclusive Partnership With Ocado ‍Group PLC
Monday, 25 Mar 2019 

March 26 (Reuters) - Coles Group Ltd ::ENTERS EXCLUSIVE PARTNERSHIP WITH OCADO.EACH CFC HAS AN ESTIMATED SALES CAPACITY OF BETWEEN APPROXIMATELY $500M AND $750M PER ANNUM.UNDER SERVICE AGREEMENT COLES WILL GAIN ACCESS TO OCADO'S OCADO SMART PLATFORM (OSP) TECHNOLOGY.CAPITAL EXPENDITURE INCLUSIVE OF UPFRONT OCADO FEES IS EXPECTED TO BE $130M TO $150M OVER FOUR YEAR DEVELOPMENT AND CONSTRUCTION PERIOD.INITIATIVE IS EXPECTED TO APPROXIMATELY DOUBLE COLES' CURRENT AUSTRALIA-WIDE HOME DELIVERY CAPACITY.INITIATIVE EXPECTED TO LEAD TO AN IMPROVED PROFIT MARGIN FOR COLES ONLINE.TWO AUTOMATED CUSTOMER FULFILLMENT CENTRES ARE EXPECTED TO BE OPERATIONAL BY FY23.  Full Article

Kroger & Ocado Announce Two Additional Sites For Customer Fulfillment Centers
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Kroger Co ::KROGER AND OCADO ANNOUNCE TWO ADDITIONAL SITES FOR HIGH-TECH CUSTOMER FULFILLMENT CENTERS.TODAY ANNOUNCED CENTRAL FLORIDA AND MID-ATLANTIC AS NEWLY-NAMED REGIONS FOR AMERICA'S NEXT TWO CUSTOMER FULFILLMENT CENTERS (CFC).CO AHS COMMITTED TO BUILDING 20 CFCS, POWERED BY OCADO.  Full Article

PRESS DIGEST-British Business - Sept 18

Sept 18 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.