Morrisons pivoting towards online order fulfilment via store picking is a negative for Ocado but partly reflects Morrison’s need to utilise its largely

A new Chair is not the top priority for Ocado, but a former tech executive who also has experience chairing a PE-owned business would be

Whilst Ocado will find Tesco a formidable competitor, it is a lot further down the road in signing customers and delivering a product. Ocado opened its

Ocado’s tender for the 2026 SUNs at 93p/£ looks more attractive than 93p/£ for the 0.875% converts. This makes sense as Ocado will want to

It’s encouraging that Ocado secured the SUNs at the tight end of guidance (10.5%, priced at par) and upsized from £350m to £450m. As we mentioned

The new debt/convertible will cost around £38m more in interest, but it fills the maturity gap for the company and is positive for creditors. We are

Ocado’s successful placing of £600m in debt removes the immediate maturities and is a positive for creditors. The cost of debt

We do not see much incentive for the 2025 holders to tender much beneath par as Ocado is likely to call any stub rather than allow it to become

With the M&S JV performing better, it is unsurprising that Ocado says it is in no hurry to sell. We still expect disposal to be the end

Plans for a new customer fulfilment centre CFC) for Aeon is positive news for Ocado and somewhat offsets the decision by Sobeys not to