Online grocery firm reports rise in orders but fall in average spend on each visit
The company’s market value peaked at almost £22bn in September 2020, according to Sentieo, as investors scrambled to adjust to the pandemic economy. However, it has since fallen back to £12bn – albeit still well above its pre-pandemic level.such as a shortage of workers and capacity constraints as Ocado races to build more warehouses. On Tuesday the company said it would spend £50m more than previously expected on investments to try to keep up.
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