Ocado Group PLC Sponsored ADR (OCDDY)
Ocado to build robotic warehouse for unnamed European retailer
Britain's Ocado said on Tuesday it would build a large robotic warehouse for a fast-growing European national retailer that it did not name, providing a boost to its embattled technology solutions business.
Ocado Group plc (OCDDY) Q2 2026 Earnings Call Transcript
Ocado Group plc (OCDDY) Q2 2026 Earnings Call Transcript
Ocado shares fall to multi-year low as retailer partnership talks continue
Ocado shares fell sharply on Thursday. The British technology and online grocery group's stock hit its lowest level in 13 years.
Ocado sticks to guidance despite mixed first half
Ocado Group PLC (LSE:OCDO) reiterated its target to become cash flow positive in the second half of this year, despite it worsening in the first half. The FTSE 250 provider of warehouse automation systems for supermarkets reported stronger first-half trading, including renewed interest from retailers, but underlying cash outflow worsened to £147 million from £108 million a year earlier, excluding the impact of customer fulfilment centre closures.
Steiner Ocado Move End Of Era Amid Bid To Revive U.S. Growth Story
After more than a quarter of a century leading one of Britain's most ambitious technology companies, Tim Steiner has finally put a timetable on his departure from grocery delivery specialist Ocado.
Ocado founder Steiner to remain chief executive until early 2028
Ocado Group PLC (LSE:OCDO) founder Tim Steiner will remain chief executive until the start of the 2028 financial year, the group has told investors. The online grocery and warehouse technology group said Steiner will continue to lead strategy, operations and growth initiatives during the period and will remain involved with the business through 2029.
Ocado plays down Steiner speculation but admits succession planning
Ocado Group PLC (LSE:OCDO) has played down media reports that the online grocery technology group is preparing for the eventual succession of founder and CEO Tim Steiner. The company issued a short statement on Monday saying it "continually engage[s] in long-term succession planning and regularly engage[s] with potential candidates", following a Sky News report that the board was lining up a successor to Steiner, who co-founded Ocado in 2000.
UK's Ocado says board engaging in CEO succession planning
British technology firm Ocado Group said on Monday that its chief executive Tim Steiner and board are continuing long-term CEO succession planning and is engaging with potential candidates.
Ocado Group lines up successor to CEO Steiner, Sky News reports
British technology firm Ocado Group is preparing to appoint a successor to chief executive Tim Steiner, Sky News reported on Sunday.
UK's midcap index heads for weekly gain as Ocado surges on Asda deal
The UK's domestically focused FTSE 250 index headed for a second straight weekly gain on Friday, powered by a surge in technology firm Ocado's shares after its tie-up with Asda, and on reports that the U.S. and Iran were near a ceasefire extension.
Ocado surges on Asda deal as broker flags UK market breakthrough
Ocado Group PLC (LSE:OCDO) shares jumped 13% to 235p after announcing a partnership with Asda to overhaul the supermarket chain's ecommerce infrastructure, marking the first significant UK client win in years for the technology provider. Broker Peel Hunt said the deal "ticks a lot of boxes" for investors concerned about Ocado's ability to secure new contracts after a prolonged period of negative sentiment.
Ocado to overhaul Asda's online grocery operation with new platform partnership
Ocado Group PLC (LSE:OCDO) has secured a major partnership with Asda to replace the supermarket chain's ecommerce infrastructure, deploying its Smart Platform across the retailer's entire online operation from early 2027. Asda, one of the UK's largest retailers with £21 billion in annual sales and nearly 1,100 stores, currently fulfils more than 700,000 online orders each week through a network of stores and automated facilities known as dark stores.
