You are here: Home » Reuters » News
Business Standard

Ocado warns of bigger 2018 loss on investment, bonuses

Reuters  |  LONDON 

By James DaveyLONDON (Reuters) - British online supermarket Ocado warned its pretax loss this year would likely be larger than market expectations due to a step up in investment and management bonuses. Shares in the company have rocketed around 250 percent over the last year thanks to four major technology partnership deals, putting managers in line for hefty stock price-related payouts. However, the shares fell as much as 7.5 percent on Tuesday, as Ocado reported a first-half pretax loss and flagged a larger one than currently expected by analysts for the full year due in part to investment ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, July 10 2018. 16:47 IST