Ocado prays warehouse blaze won’t douse its hopes for a hi-tech future | Business – Business Article

Last Tuesday morning Tim Steiner, the boss of Ocado, was brimming with his usual confidence as he told City investors how its robotic warehouses had the potential to revolutionise grocery shopping and transform the way baggage carousels, car parks and even ports operate. However, as Steiner was delivering his presentation in Goldman Sachs’s London office – where he worked as a bond trader in the 1990s – about 70 miles to the west a key element of the Ocado operation…

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Ocado says fire at warehouse will hit sales growth and orders | Business – Business Article

Ocado’s online grocery service is expected to face significant disruption for some weeks after a huge fire at one of its automated warehouses. The company was unable to say when deliveries would resume from the Hampshire facility, as it issued a warning to the stock market that its sales growth would take a hit from the blaze at the warehouse in Andover in Hampshire. Firefighters, who continued to tackle the blaze on Wednesday evening with smoke still billowing from the…

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Ocado’s secret talks with M&S could spell the end for Waitrose tie-up | Business – Business Article

Ocado has held secret talks with Marks & Spencer over the launch of a food delivery service that could signal the end of its long running tie-up with Waitrose. The Ocado name has been intertwined with Waitrose for the past 20 years but the current supply deal between the companies ends in September 2020. City analysts expect the businesses, which have always had a stormy relationship, to part ways. John Lewis Partnership, which controls Waitrose, no longer has any ownership…

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