Ocado Takes $137 Million Hit From Warehouse Blaze Sparked By Robot

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Ocado Takes $137 Million Hit From Warehouse Blaze Sparked By Robot
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Ocado took a $137 million hit from a warehouse blaze sparked by a robot

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Fuelled by the cost of the fire, Ocado's losses soared in the first half of 2019 to $178 million . The company Numis Securities, an institutional stockbroker and corporate advisor predicted that Ocado's full-year earnings before tax are now likely to be $25 million , which is $31 million less than analysts were anticipating, according to The Financial Times.

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