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Britain's Ocado sees retail sales soar 27% in lockdown half

Tue, 14th Jul 2020 07:22

LONDON, July 14 (Reuters) - Ocado, the British
online supermarket and technology group, said on Tuesday retail
revenue soared 27% year-on-year in its first half to May 31,
boosted by the country being on lockdown for all of its second
quarter.

The group said fees invoiced to overseas technology partners
rose 58%, as its international roll-out gained pace with the
opening of the its first partner robotic distribution warehouses
in Paris and Toronto.

Ocado, which last month raised 1 billion pounds ($1.25
billion) through an equity and bond issue, said there was no
material change to its forecasts from previous statements.
($1 = 0.7973 pounds)
(Reporting by James Davey, editing by Louise Heavens)

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