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Ocado counts cost of fire at flagship warehouse

FILE PHOTO: An Ocado truck returns to the Ocado depot in Hatfield, southern England
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LONDON (Reuters) - British online supermarket and technology group Ocado reported ballooning annual pretax losses and a 27% fall in core earnings, mainly due to a fire which destroyed a hi-tech flagship warehouse in Andover, southern England.Ocado , whose shares have risen 35% over the last year due to overseas technology deals, said on Tuesday its loss before tax widened to 214.5 million pounds..
Date Published: Feb 11, 2020
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