Ocado narrows losses as grocery sales surge

Ocado Group has narrowed its full-year losses as it capitalises on more shoppers choosing to order their groceries online.
The grocery technology giant’s loss before tax reduced 4.9% to £374.5m in the 52 weeks to 1 December, down from £393.6m.
Group sales rose 14.1% to £3.16bn, boosted by an 18.1% surge in revenue to £496.5m in its technology solutions and its logistics arm advancing 7.6% to £718m.
Ocado reported sales for its its retail business – a joi