Coronavirus: 'More normal' shopping habits are back, says Ocado
Ocado says"more normal" shopping habits are back after a huge jump in demand amid the coronavirus lockdown.
The supermarket has drawn criticism on social media as customers faced being one of thousands in a virtual queue to place a food order.It was previously forced to suspend its entire service briefly, and temporarily took down its app due to the spike in orders. However, the company suspended its revenue forecasts due to the uncertainty over how shoppers will react in the long run.
"Ocado was becoming the UK's stock market's most prominent and, arguably, important technology company before the crisis - that status has only accelerated over the past couple of months." "For now, the indicators suggest more deals could be on the cards in the near future," Ms Lund-Yates said.Ahead of the firm's annual general meeting, one investor said that it would vote against Ocado's pay policies, despite its recent performance.
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