As the Ocado share price slips, the FTSE 100 index exit next
Ocado (LON: OCDO) share price has imploded in the past few years as concerns about its revenue and profitability growth continue. It has crashed to 360p, down from its all-time high of 2,910p in 2020. Its market cap has plummeted from over £20 billion to just £2.9 billion today Ocado’s shares have plunged as investors question its joint venture with Marks and Spencer. There are signs that the relationship is not working out fine. In a recent statement, the head of MKS said that he was not happy with the JV and that there was work to do to boost sales and profitability. There are also concerns ...