Ocado Group (OCDO.L) Shares Roll Downhill By 8.82 % Due To A Fire At One Of The Warehouses In London

Currently, shares of the company are plummeting this week by 8.82% and reaching a price mark of GBP 1,731.50. Compering the annual report, prices were fluctuating from GBP 2777.0 in January to GBP 1,731.50 in July. Recently the shareholders of Ocado Group forces cancellations due to a fire in one of the warehouses in London. According to the firm, the fire started when two of its grocery-picking robots collided. The Erith facility, which processes up to 150,000 orders per week, was evacuated with around 800 employees. BBC reported that firefighters worked through the night to put out the fire. According to Ocado, the damage is “limited to a tiny area of less than 1% of the grid having been confined by planned fire attenuation measures,” according to Ocado.

Ocado Group is a publicly listed firm that specializes in software, robotics, and automation for online merchants. The Ocado Group went public on the London Stock Exchange on July 21, 2010, and is now a member of the FTSE 100 Index.

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