Ocado has revealed its shares have risen to an all-time high following a grim performance after the firm floated last July.
The online grocer's shares soared 12% to close at 247.7p, double the firm's 123p low and above the initial 180p offer price, the Daily Mail reports. Ocado revealed it garnered a pre-tax profit of £300,000 for its final quarter to 28 November, although the retailer saw losses for the full year. The firm was founded by three former Goldman Sachs bankers in 2000. Fidelity's Tom Ewing, who has a combined stake of just over 1% with another Fidelity manager, joined former US Vice President Al Gore's Generation Investment Management among other investors in a £30m equity fundraising in Septe...
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