OCADO DELIVERS BAGS OF CASH FOR BOSSES
BOSSES at Ocado are to get a multimillion-pound pay boost after international licensing deals sent shares soaring.
The online grocer and tech firm’s market value has jumped 300 per cent over the past year, propelling it into the FTSE 100.
It anticipates additional management incentive charges of about £9million.
Shares gained 91½p to 1103p despite the company slipping to a £9million half-year pre-tax loss compared with a profit of £7.7million last time after investing in warehouses and IT.
Revenue was up 11.7 per cent to £736.6million.
Chief Tim Steiner said: “This is a transformational period.
“We are beginning to fulfil our ambition to change the way the world shops.”