Online grocer Ocado has revealed the cost of the fire in February that destroyed its Andover customer fulfilment centre (CFC) to be £110.3m. The figure was reported in Ocado’s half-year results for the 26 weeks ending 2 June, which saw the business post a pre-tax loss of £142.8m (2018: loss of £13.6m). This figure includes a £98.5m exceptional cost from the fire, after £11.8m of insurance claims were taken into account. The fire, which destroyed the building, machinery and all […]
The leader of Islington Council is calling on Ocado chief Tim Steiner to drop plans for a major distribution hub due to be built next to a primary school of 500 children.
Ocado is to develop a fourth hub in south-east London, as the popularity of online shopping continues to drive the need for more capacity.
Morrisons has rolled out its online food offering into Yorkshire and plans deliveries to more locations this year.