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The online shopping platform Ocado saw its sales increase by more than a third last year. The coronavirus crisis and the partnership with Marks & Spencer boosted this growth.

CEO Tim Steiner, to get 2.45m shares worth £66.2m as online grocery service’s sales reach £2.2bn in 2020

Ocado is set to show shareholders that its retail sales boom continued into recent months as it benefited further from lockdown restrictions. The online grocery firm has seen its shares almost triple since the start of March 2020 as an acceleration in shifting customer habits towards home grocery deliveries boosted trading. However, investors will be keen for the group to reveal the extent of its retail growth during the latest national lockdown in its full-year trading update on Tuesday February 9. Analysts have predicted that Ocado will reveal a 33.5% jump in group revenues to £2.35 billio...

The online grocery firm has seen its shares almost triple since the start of March 2020 / PA 05 February 2021 O cado is set to show shareholders that its retail sales boom continued into recent months as it benefited further from lockdown restrictions. The online grocery firm has seen its shares almost triple since the start of March 2020 as an acceleration in shifting customer habits towards home grocery deliveries boosted trading. However, investors will be keen for the group to reveal the extent of its retail growth during the latest national lockdown in its full-year trading update on Tu...