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 […]
Logistics training specialist SP Training is launching a series of online Driver CPC courses after welcoming the DVSA’s announcement that it will allow options for remote training.
Claims by the GMB union that an Asos warehouse had become “a cradle of disease” after warehouse workers contracted Covid-19 have been firmly rebutted by the retailer, as well as by its recognised trade union.