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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.

Ocado Retail has slashed its forecast twice this year.

Photographer: Hollie Adams/Bloomberg
Updated on

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.