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Ocado’s tech gobbledygook has investors in a tizzy

Inside Business: Analysts are shrugging their shoulders after shares shot up despite a £143m first-half loss

James Moore
Chief Business Commentator
Tuesday 09 July 2019 16:37 BST
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Investors scrambled to get onboard Ocado’s lorries after its latest results
Investors scrambled to get onboard Ocado’s lorries after its latest results

Online grocer Ocado wants everyone to understand that it is a tech company. To that end it has decided that it needs to take on some tech company trappings.

I’m not talking about a Silicon Valley HQ or the provision of chiropractors for staff like Google offers. No, Ocado is relying on talking the tech talk.

I’m going to quote what the company describes as the “key milestone” in its first-half results in full because it’s a doozy. Brace yourself for a looooong paragraph.

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