City will receive update on Ocado's trading performance
Submitting... Concerns over the long search for profits and the subsequent lack of returns for shareholders have continued to weigh on its share price over the past year. Shares are flat compared with a year ago despite favourable trends driven by the pandemic with the value also down by a third from its autumn highs. Analysts have predicted that the company is not likely to deliver a profit until around 2024 at the earliest. Investors will be hoping for an improvement in earnings for the past six months in a bid to speed up its journey to profitability. In its last update in March, Ocado rev...
Source: yorkshireeveningpost.co.uk
