Ocado

Ocado shares have surged following revelations it has secured £200m in its patent battle against a Norwegian rival.It was announced on Saturday that AutoStore would pay the sum to settle all outstanding patent litigation…

Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on…

Thousands of jobs are at risk after Ocado announced plans to close its oldest distribution centre.The online grocer says it will close its site in Hatfield, Hertfordshire, later this year. The warehouse handles around a fifth…

Ocado says more of its customers are buying fewer items and trading down to cheaper options as they try to navigate the cost of living crisis.The online supermarket revised its full-year outlook on Tuesday and now expects a…

Boris Johnson has been urged to include new laws supporting the development of driverless vehicles in next month’s Queen’s Speech or risk seeing investment in the sector flee overseas.Sky News has seen a letter to the prime…

Ocado said it has "moved certain retail prices" to reflect soaring costs faced by the grocery industry across the UK and warned that the scale of food inflation this year is "difficult to predict".The online delivery…

LONDON : Norwegian robotics firm AutoStore's legal action against British rival Ocado comes to the High Court in London on Tuesday when its patent infringement claim is heard.The two pioneers in warehouse storage technology are facing…

Shares in Ocado have slumped after its annual losses more than tripled and it warned that a step-up investment would hit its bottom line over the coming year.The online retailer and technology firm fell by 13% on the results,…