As Ocado banks on international tech success, is this as good as it gets at home?

Ocado van outside warehouse

After Ocado swung to a £500m annual loss, any momentum it built up over the last few years has all but vanished.

The food etailer-turned-tech-provider is caught between an underperforming domestic joint venture with Marks & Spencer and its international Solutions arm, which provides its tech platform to third parties and continues to add to an impressive list of international clients, despite burning through cash.

 

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