Ocado set to reveal rising losses


According to a report in the Sunday Times Ocado is poised to
reveal rising losses. The report states the online supermarket is expected to
have increased sales by more than 11 percent to £716.2 million in the year to
November, but its house broker, Numis, predicts that pretax losses will
increase from £2.4 million to £6 million because of the falling value of
assets.

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