Ocado’s interim figures to shine spotlight on future

Picture: Contributed
Picture: Contributed
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Online grocer Ocado is set to deliver its half-year results on Tuesday, amid speculation over its future, and providing investors with the chance to see how the vote to exit the EU could hit consumer confidence.

The firm’s shares fell to a three-year low earlier this month after AmazonFresh entered the fray with its long-awaited fresh food delivery offering.

Analysts, who see Ocado as at risk of a possible takeover move from the internet giant, expect its half-year underlying pre-tax earnings to jump 22.5 per cent to £46.8 million, although bottom-line pre-tax profits are set to fall by 3 per cent to £7m.

Its bosses are expected to be pressed on plans for a fightback on increased competition from Amazon, and its growth plans, particularly on its long-awaited global deal.