- Ocado Q4 23 – 16/01 – the Ocado share price saw some big swings last year falling to lows of 342p during the summer before surging to peaks of just over 1,000p in July before finishing the year only modestly higher from where it started 2023. During that summer surge there was speculation that Amazon might look at making a bid for the business after one of its largest shareholders Lingotto Investment Management increased its stake in the business to 5%. This speculation proved short-lived and while it has settled its patent dispute with Autostore, attention has once more shifted towards whether the business will ever turn a profit. The focus in recent months has been on its robotics division as it looks to increase automation at its various fulfilment centres around the country. Its joint venture with Marks and Spencer also appears to be seeing an improvement in revenues after a slow start and could well return an annual profit. In November Ocado agreed a deal to sell its robotic technology to Canadian health care provider McKesson Corp.
