Ocado
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Ocado Shares Slide 16% Following Mixed Interim Results
Ocado shares dropped 16% as underlying cash outflows deepened to £147 million, despite revenue gains driven by facility closures in North America.
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Ocado Cuts 1,000 Jobs Amid Restructuring and Investor Concerns
Ocado announced plans to cut 1,000 jobs, primarily in the UK, as part of a £150 million cost-saving restructuring effort following investor concerns.