OCADO’s £578m fundraising may not be enough to save the company | City & Business | Finance

The online supermarket and retail technology group is building centers in countries including the United States, Canada, France and Spain.

He says he is on course to build a business with profits of over £750million.

However, Clive Black, head of research at Shore Capital, questioned Ocado’s assertion that it won’t need a medium-term cash injection.

He said: “We don’t see this as fundraising to generate growth from a position of strength as opposed to a company that burns cash and needs access to equity and capital. liquid resources.”

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