Shares in the FTSE 250 company jumped as much as 16% in early trading on Friday before settling nearly 7% higher, offering brief respite for a business that has seen its market valuation collapse from £22 billion during the pandemic boom to barely £1.6 billion today. The payout follows Kroger's decision to cancel the opening of a fourth Ocado-powered customer fulfilment centre in Charlotte, North Carolina, one of two facilities previously scheduled for 2026.
British strawberries stand out during summer due to their sweetness, perfect size, and appealing appearance. Customers favor them for desserts, snacks, and health goals.
Am I surprised to see inflation coming through? Of course not. You can't increase the cost of labour in food production, food distribution and food retailing in the way that we have... and not expect to see prices move.