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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Ocado posts big loss, AO World upgrades earnings guidance

Ocado AO World Deficit

Ocado continues to post big losses after annual results today revealed a deficit of £501 million, up from £177 million the year before.

The grocery warehouse technology business also fell back into the red at an underlying level due to cost pressures and investments to support growth at its retail division.

Other companies reporting results today include Serco and Travis Perkins, while online electricals business AO World told investors that underlying earnings will be higher than forecast in January.

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