Ocado saw an almost fivefold reduction in its pre-tax losses last year aided by soaring demand for online groceries during the Covid-19 pandemic. The retailer’s latest annual results to 29 November 2020 reveal losses of £44m, compared to a loss of £214.5m in the previous year. Group revenue rose 33% to £2.3bn (£2019: £1.8bn) in the period with EBITDA also surging by 69% to £73.1m (2019: £43.3m). Ocado’s retail division provided the lion’s share of the revenue growth, delivering £2.1bn […]
Egg supplier Noble Foods has taken delivery of 29 new 13.6m temperature-controlled trailers from manufacturer Gray & Adams. Noble Food’s Eggs For Soldiers brand supports army charity Help for Heroes by making a 15p donation for every box of eggs sold.
Morrisons is to begin making home deliveries in London next week as it continues to increase the reach of its online grocery offer.
The HSE has had a “massive” injection of funds to investigate firms whose business practices fail to adhere to social distancing practices in light of the Covid-19 pandemic, a transport solicitor has warned.