Ocado slips back into the red

Ocado slips back into the red

Shares in Ocado (OCDO) slipped into reverse following the release of these figures, partly as a consequence of a general market correction, with the mood hardly enhanced by news of a placing of 31.5m shares. The group reported a decent acceleration at the top line as customers increasingly turned online for weekly food shops, but the technology provider slipped back into the red by £0.5m (on an equal 52-week basis), compared with a £12m profit last year.

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