UK's Ocado rises on Aeon Partnership to build third robotic warehouse
08/07/2024 08:24
** Shares of online grocer and technology group Ocado
OCDO.L up 3.8% at 340.7 pence
** Stock among top gainers on the FTSE mid cap index .FTMC
** Extends partnership with Japan's Aeon 8267.T to build a
third robotic warehouse or customer fulfillment centre (CFC) as
co calls them
** Aeon to upgrade its live operations with Ocado's latest
technologies, including "On-Grid Robotic Pick," under the
partnership.
** OCDO says partnership to bring increasing levels of
labour productivity to Aeon's operations.
** As of last close, stock down about 57% YTD
(Reporting by DhanushVignesh Babu in Bengaluru)
((DhanushVignesh.Babu@thomsonreuters.com;))