Future Of British Business
Ocado Plummets as Shoppers Cut Back and Energy Costs Bite
- Online grocer wins more customers -- but they’re spending less
- Aldi joins top four supermarkets as consumers search for value
Ocado Retail has slashed its forecast twice this year.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Ocado Group Plc is getting squeezed by Britain’s inflationary crisis, with shoppers placing smaller orders from the online grocery service as the surge in energy prices lifts its costs.
The shares dropped as much as 14% in London on Tuesday morning.