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Ocado sees growth accelerate for Q2 Wednesday, 23rd May 2012
Photo credit: Ocado plc
Shares in the online supermarket grew 6.8 per cent on Wednesday after the retailer said sales in the 12 weeks to 13 May were likely to be 13 per cent higher than the previous quarter.
The news comes just in time for Ocado, who suffered a string of profit downgrades last year, losing almost half its original floatation value in July 2010.
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Posted in E-Commerce, Food Tagged ocado, online, waitrose, shopping, e-commerce, supermarket, growth, profit, quarter
