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Ocado steps-up spending as it counts cost of warehouse fire

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 a ballooning annual pretax loss, mainly due to a fire which destroyed a hi-tech flagship warehouse, and forecast a more than doubling of capital expenditure in its new financial year.Ocado on Tuesday said it expected to spend around 600 million pounds ($774 million) in 2019-20 as it prepares to open robotic..
Date Published: Feb 11, 2020
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