Ocado figures
Ocado announced trading figures today (9th. July 2019), reporting a £43m pre-tax loss. Share price up approximately 95 pts to 1259 on 9th July at: 13:30 (BST).
See Ocado latest trading data here.
Gobbledegook award – this made me laugh
Ocado statement
‘Over the last six months, the centre of gravity at Ocado Group has shifted from our heritage as an iconic and much-loved domestic pure-play online grocer to our future as a technology-driven global software and robotics platform business, providing a unique and proprietary end-to-end solution for online grocery, and an innovation factory, applying our technology expertise to adjacent markets and other verticals‘.
Just a bit of fun – but I have to admit, I’ve no idea what it means. Even so, Ocado is on my favourite company list at the moment.
Ocado website links
