Ocado Shares Slump as U.K. Grocery Price War Damages Profits

  • Stock falls as much as 15% as earnings set to miss estimates
  • Amazon encroachment in London will pressure margins: analyst

Ocado Group Plc’s shares fell the most in more than two months as the online grocer said profits will likely fall below analysts’ estimates, showing the effects of a damaging U.K. price war.

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