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Evening Standard
Evening Standard
Holly Williams

Ocado narrows losses and remains in talks with M&S as payment deadline looms

Online grocer Ocado has reported narrowed annual losses and said it remains in ‘constructive talks’ with its retail partner Marks & Spencer in a row over a final payment due in April (PA) - (PA Media)

Online grocer Ocado has reported narrowed annual losses and said it remains in “constructive talks” with its retail partner Marks & Spencer in a row over a final payment due in April.

The group, which runs robotic warehouses for other chains alongside its Ocado Retail business as a joint venture with M&S, posted statutory group pre-tax losses of £374.5 million for 2024 against losses of £393.6 million a year earlier.

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