Andover fire drives up Ocado losses


 

Online grocer Ocado is continuing to suffer from the fire which destroyed its Andover depot last year, reporting a pre-tax loss of £214.5m for 2019. The retailer’s latest annual results to 1 December 2019 reveal losses that are almost five times higher than the £44m loss the company made in the previous year. Ocado said exceptional charges of £94.1m, most of which were due to the Andover fire, were to blame for the size of the pre-tax losses in the […]